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The benchmark equity gauge of the Toronto Stock Exchange, the S&P/TSX Composite index, added 61.4 points or 0.35% to 17,582.35 on Monday. The rally in the broader index extended for the fifth consecutive day.
On a year-over-year basis, the index featured a price return of ~3.5%, and up ~8% in over a month’s period.
S&P/TSX Composite 5-day Price Chart. Source: EODHD/Others (Thomson Reuters)
The index is hovering in a steep bullish zone. It is closing well above its crucial short-term as well as long-term support level of 5-day, 10-day, 20-day, 30-day, 50-day, 100-day and 200-day moving averages, which implies a bullish technical indicator.
At the close, the S&P/TSX Composite Index featured a dividend yield of 3.35% and traded at a Price-to-Earnings (P/E) multiple of 19.5x.
Basic Materials and Technology sectors led the index, adding over 1% and emerging among the top gainers. Healthcare and Real Estate sectors are among the top laggards.
Sector Summary: Source: EODHD/Others (Thomson Reuters)
Stocks in Play*
Top Gainers: OceanaGold Corp (up 31.9%), Cameco Corp (up 10.1%), and Kinross Gold Corp (up 7.5%)
Top Losers: Trillium Therapeutics Inc (down 9.8%), First Quantum Minerals Ltd (down 5.8%), and Tourmaline Oil Corp (down 5.1%)
Volume Leaders: Suncor Energy Inc, Canadian Natural Resources Limited, and Enbridge Inc.
On Wall Street: On the Wall Street, the Dow Jones industrial average was down 148.47 points at 30,069.79 while the S&P 500 index lost 7.16 points to 3,691.96. The Nasdaq composite was up 55.72 points at 12,519.95.
Commodity News*
The Gold Futures added 1.5% to settle at US$ 1,866.0/oz, gaining on hopes of U.S. politicians agreeing to additional fiscal stimulus.
International benchmark oil Brent Crude closed lower by 0.53% to US$ 48.79/bbl and Crude WTI declined 0.69% to US$ 45.76/bbl, respectively.
Canadian Dollar weakened slightly against its US Counterpart, with CAD/USD closes 0.15% lower at 0.7813 on Monday.
* All details as on December 7, 2020, after markets close.
