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Canada’s main stock index showed a downturn on Thursday, April 29, on the account of falling metal prices. The S&P/TSX Composite Index settled 0.52% lower at 19,255.92.
The weakness was primarily driven by the decline in high weightage technology stocks, with the Technology sector index dropping 1.4%, followed by the weakness in the Base Metals, which was down 1.3%.
However, the Energy sector offset some of the losses up 0.6% on Thursday.
1-Year S&P/TSX Composite Daily Price Chart (as on April 29, 2021). Source: EODHD/Others (Thomson Reuters)
The TSX Venture Index was down by 0.60% to 945.56.
Movers and Laggards on TSX Composite
Source: EODHD/Others (Thomson Reuters)
Active Volume Leaders
The most heavily traded stocks on the TSX were Royal Bank of Canada, with 9.13 million, Zenabis Global Inc, with 8.59 million, and Birchcliff Energy Ltd, with 6.89 million.
Wall Street
All three leading indices of the US market traded in green on Thursday, with the Dow rising 0.70% to 34,060 and the S&P gaining 0.68% to 4,211. The Nasdaq Composite Index jumped 0.22% to 14,083.
Commodity Market
Gold futures traded flat at US$ 1,772.85/oz.
Upside momentum in oil prices continued for the third straight day, with international oil benchmark Brent Oil moving up 1.92% to US$ 68.56/bbl and WTI Crude Oil trading 1.80% higher at US$ 65.01/bbl.
Currency News
The Canadian dollar reported strength against its US counterpart, with USD/CAD pair declining 0.22% to 1.2277.
The US Dollar Index stood flat at 90.62, registering a marginal gain of 0.01% on April 29.
Money Market
Yield on the US 10-year Treasury Bonds was up by 1.88% to 1.643 on April 29.
Canada 10-year Government Bond also ended in green at 1.565, up 2.09% in Thursday’s trade.
