S&P/TSX Composite Extends Three Days of Winning Streaks

2 min read | September 15, 2020 11:11 PM EDT | By Team Kalkine Media

Canadian equity benchmark index S&P/TSX Composite extended gains for the third consecutive day, closing at 16,431.27, up 71.13 points or 0.43%. The index traded above its crucial short-term as well as long-term support levels of 50-day and 200-day Simple Moving Averages (SMAs). However, the Moving Average Convergence Divergence (MACD) is hovering below the nine-day SMA signal line. The difference between 12-day exponential moving average (EMA) and 26-day EMA is negative.

The S&P/TSX 60 index traded 3.50 points or 0.36% higher at 983.6 and the TSX Venture Index traded 0.18 points or 0.02% to 741.91.

Five-day Daily Price Chart (as on September 15, 2020 / Source: EODHD/Others, Thomson Reuters)

Volume leaders: Baytex Energy Corp., Suncor Energy Inc., Canadian Natural Resources Limited, and Enbridge Inc

52-Week High: FirstService Corporation, Canadian Pacific Railway Limited, Northland Power Inc., Canadian National Railway Company and Toromont Industries Ltd.

52-Week Low: Molson Coors Canada Inc., Transat A.T. Inc., Charlotte's Web Holdings Inc. and Just Energy Group Inc.

Top Performers: Loncor Resources Inc. (up 28.33%), ClearStream Energy Services Inc. (up 20%), and Aya Gold & Silver Inc. (up 15.5%) respectively.

Top Laggards: Xanadu Mines Ltd. (down 20.0%), Postmedia Network Canada Corp. (down 20%), TransAtlantic Petroleum Ltd. (16.67) and Silver Bull Resources Inc. (down 15.38%).

On Wall Street*: Stocks on the Wall Street traded in green with the Dow Jones Industrials marginally up by 0.01% to 27,995.60, technology heavy Nasdaq Composite Index up 133.67 points or 1.21% to 11,190.32 and the S&P 500 index adding 17.56 points or 0.52% to 3,401.20.

Gold Futures traded 0.13% higher at US$ 1,966.20/oz.

Brent Crude Oil jumped 2.32% to US$ 40.53/bbl and WTI Crude Oil traded 2.74% higher at US$ 39.13/bbl.

*As on September 15, 2020 (after the market close)


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