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The TSX composite index fell on Monday, May 10, as the technology sector declined by 2.8%. Additionally, commodities dwindled as the energy sector slipped 1.2%. Crude oil prices, however, rose after the US Colonial pipeline shut down following cyberattack.
The TSX composite index slid 0.57% to settle at 19,361.88 on Monday.
S&P/TSX Composite’s Daily Price Chart for one year (May 10, 2021). Source: EODHD/Others
The Toronto Stock Exchange Venture Index was down by 1.53% to 940.34.
Movers and Laggards on TSX Composite
|
Ticker |
Company Name |
%Change |
|
Top-5 Movers |
||
|
LIF |
Labrador Iron Ore Royalty Corp |
4.1% |
|
WN |
George Weston Ltd |
2.6% |
|
WTE |
Westshore Terminals Investment Corp |
2.3% |
|
ERO |
Ero Copper Corp |
2.0% |
|
STN |
Stantec Inc |
1.9% |
|
Top-5 Laggards |
||
|
VFF |
Village Farms International Inc |
-25.1% |
|
WPRT |
Westport Fuel Systems Inc |
-16.2% |
|
OGI |
OrganiGram Holdings Inc |
-9.6% |
|
TLRY |
Tilray Inc |
-7.3% |
|
DPM |
Dundee Precious Metals Inc |
-7.2% |
Source: EODHD/Others (Thomson Reuters)
Active Volume Leaders
The most heavily traded stocks on the TSX on Monday were Manulife Financial Corporation, with 20.87 million, Enbridge Inc, with 12.24 million and Zenabis Global Inc, with 11.15 million.
Wall Street Update
Surging energy prices stoked concerns as to whether inflation would derail the recovery in the world's largest economy and sabotage a historic bond rally, sending technology stocks lower. An increase in demand colliding with a tight supply of raw materials is also fueling inflation fears. The Dow finished the day by shedding 0.10% at 34,743, while the S&P 500 was down 1.04% to 4,188 and the Nasdaq Composite fell by 2.55% to 13,402.
Commodity Update
Gold futures traded flat at US$ 1,836.85/oz.
Crude reflected a slight bearish momentum. While Brent Oil was down by 0.84% to US$ 68.32/bbl, the WTI Crude Oil dipped 0.82% to US$ 64.92/bbl.
Currency News
The Canadian Dollar continued to strengthen for the fifth straight day, while USD/CAD closed at 1.2097, down 0.13%, on May 10.
After a three-day losing streak, the US Dollar Index managed to close in the green on Monday at 90.24, up 0.10%.
Money Market
On May 10, 2021, the US 10-year bond yield retained its gaining momentum for the third session and was up 1.24% to 1.604.
The Canada 10-year bond yield, on the other hand, revived after a three-day slide and closed at 1.518, up 1.20%, in Monday’s trade.
