S&P/TSX Composite Down 1.14%, Gold Futures Up

2 min read | November 12, 2020 04:42 PM EST | By Team Kalkine Media

The S&P/TSX Composite Index doffed 1.14% or 191.96 points to 16,582.18 on Thursday. However, despite the decline, the index still traded above its crucial long-term, short-term as well as immediate support levels of 200-day, 100-day, 50-day, 30-day, 20-day and 10-day simple moving averages (SMAs). Also, the moving average convergence divergence (MACD) is rising and hovering above its nine-day SMA signal line, with the difference between 12-day and 26-day exponential moving averages (EMAs) is positive.

S&P/TSX Composite index featured a dividend yield of 3.53% and traded at a Price-to-Earnings multiple of 19.18x.

Five-day S&P/TSX Composite Index Price Chart (as on November 12, 2020)/ Source: EODHD/Others (Thomson Reuters)

Stocks in Play*

Gainers: Intertape Polymer Group Inc (up 20.8%), SSR Mining Inc (up 9.6%), and Teranga Gold Corp (up 6.9%).

Losers: NFI Group Inc (down 12.8%), Cascades Inc (down 10.3%), and Aurora Cannabis Inc (down 8.5%).

Volume Leader: Enbridge Inc., Suncor Energy Inc, and Aurora Cannabis Inc.

On Wall Street: The global benchmark indices of the New York Stock Exchange, the Dow Jones plummeted by 317 points or 1.08% to 29,080.17, the S&P 500 index settled 35.65 points or 1.0% lower at 3,537.01 and technology weighted Nasdaq Composite ended 76.84 points or 0.65% lower at 11,709.59.

Commodity News*

Gold Futures added 0.63% to US$ 1,873.30/oz on Thursday.

The international crude oil benchmark Brent oil traded 0.62% lower at US$ 43.53/bbl and American oil benchmark Brent oil traded 0.80% lower at US$ 41.12/bbl. 

US & Canada Bonds*

US 10-year Treasury Bond Yield plummeted 9.59% to 0.883%.

Canada 10Y Bond Yield was 0.72 percent on Thursday November 12.

 

Forex*

 

US Dollar Index traded 0.07% lower at 92.956 while USD/CAD pair traded 0.59% higher at 1.3062

 

*Details as on November 12, 2020 (after markets close)


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