S&P/TSX Edges Higher; Suncor, Canadian Natural and Aurora Most Active Stocks

2 min read | December 03, 2020 05:02 PM EST | By Team Kalkine Media

The broader equity benchmark of the Toronto Stocks Exchange edged higher again on Thursday, riding on a broad-based market rally as investors continued to digest November's solid gains and vaccine news. The S&P/TSX Composite index traded 39.81 points or 0.23% higher to 17,398.02, touching an intraday high of 17,452 and an intraday low of 17,381.96. The US stimulus packages was another key driver of broader market sentiment. 

At the closing bell, the S&P/TSX Composite featured a dividend yield of 3.40% and traded at a Price-to-Earnings (P/E) multiple of 19.80x.

S&P/TSX Composite 5-day price chart as on December 3, 2020; Source: EODHD/Others (Thomson Reuters)

 

Stocks in Play*

 

Gainers: WSP Global Inc (up 11.6%), Labrador Iron Ore Royalty Corp (up 10.4%), and Descartes Systems Group Inc (up 5.7%)

Losers: ARC Resources Ltd (down 6.2%), Tourmaline Oil Corp (down 4.9%), and Ballard Power Systems Inc (down 3.9%)

Volume Leaders: Suncor Energy Inc., Canadian Natural Resources Limited and Aurora Cannabis Inc.

 

Sector Summary*

Sector Summary; Source: EODHD/Others (Thomson Reuters) 

 

On Wall Street:  Stocks in the United States traded higher, with the Dow Jones industrial average up 85.73 points at 29,969.52. The S&P 500 index plunged 2.29 points to 3,666.72, while the Nasdaq composite gained 27.81 points to settle at 12,377.18. Both S&P 500 and Nasdaq Composite hit record highs in earlier trading.

 

Commodity News*

 

The international oil benchmark Brent Oil Futures added 1% to US$ 48.71/bbl and American crude oil benchmark Crude WTI was up 0.80% to US$ 45.64/bbl.

The Gold Futures also increased for third straight day and closed 0.60% higher at US$ 1,841.10/oz.

Canadian Dollar strengthened for the third consecutive day against the US greenback, with CAD/USD traded 0.41% higher at 0.7773.

 

*All details on December 3, 2020, after markets close.


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