TSX Climbs 37 Points, Industrials Biggest Gainer

2 min read | September 11, 2020 08:07 PM EDT | By Team Kalkine Media

Canada’s leading equity gauge S&P/TSX Composite Index climbed 37.14 points or 0.23% to close at 16,222.46 on Friday. The S&P/TSX 60 index added 3.07 points or 0.32% to 973.383. However, the junior S&P/TSX Venture Composite Index settled 1.17% lower at 733.37.

From the technical standpoint, the broader Canadian index traded below its immediate support levels of 5-day, 10-day, 20-day and 50-day Simple Moving Averages (SMAs). But it traded above its crucial long-term support levels of 100-day and 200-day SMAs, respectively. The 14-day relative strength index (RSI) indicates a momentum in an underlying hovering in a neutral zone.

Five-day Daily Price Chart (as on September 11th, 2020). Source: EODHD/Others (Thomson Reuters)

Five-day Daily Price Chart (as on September 11th, 2020). Source: EODHD/Others (Thomson Reuters)

Sector Summary

Performers: Industrials (up 1.20%), Consumer Non-Cyclicals (up 0.90%) and Financials (up 0.58%)

Laggards: Technology (down 1.57%), Health care (down 1.32%) and Basic Materials (down 0.23%)

  Source: EODHD/Others (Thomson Reuters)

Source: EODHD/Others (Thomson Reuters)

Stocks Cues*

Top Gainers: Teck Resources Ltd (up 10.72%), North West Company Inc (up 8.04%) and Empire Company Ltd (up 6.73%) respectively.

Top Laggards: NovaGold Resources Inc (down 6.86%), Aurora Cannabis Inc (down 5.94%) and ATS Automation Tooling System Inc (down 4.73%), respectively.

Volume Leaders: Suncor Energy Inc., Canadian Natural Resources Limited, Supreme Cannabis Company Inc. and Freegold Ventures Limited.

On Wall Street: The Dow Jones Industrials traded 0.48% or 131.05 points higher at 27,666.64 while tech heavy Nasdaq Composite Index gave up 66.72 points or 0.66% lower at 10,853. The S&P 500 index traded slightly higher at 3,340.97, respectively.

Commodities*

  • Gold futures settled 0.83% lower at US$ 1,947.90/oz.
  • International oil price benchmark Brent Oil slumped 0.57% to US$ 39.83/bbl while WTI Crude Oil traded slightly higher to US$ 37.33/bbl.
  • The Dollar index traded flat against the previous trading session at 93.32 against a basket of major currencies.

*As on September 11th, 2020 (after markets close)


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