TSX Composite Down 0.31%; BlackBerry and Aphria top gainers

The broader index of Canada, TSX Composite, declined approximately 52 points or 0.31% to 16,510.83 on Wednesday. The index settled lower after three consecutive days of winning streak. However, it traded above its crucial long-term as well as short-term support levels of 50-day and 200-day Simple Moving Averages, implying a positive trend.

The Moving Average Convergence Divergence (MACD) is rising with positive difference between 12-day and 26-day SMAs. The 14-day and 9-day Relative Strength Index (RSI) is hovering in a neutral zone and tilted towards the overbought zone.

At the last traded price, the TSX Composite Index offered a dividend yield of 3.56% and traded at a Price-to-Earnings (PE) multiple of 17.87x.

5-day Daily Price Chart (as on October 13, 2020, after markets close). Source: Refinitiv (Thomson Reuters) 

Stocks in Play* 

Top Gainers: BlackBerry Ltd (up 8.8%), Aphria Inc (up 6.2%), and Eldorado Gold Corp (up 5.5%)

Top Losers: Enerplus Corp (down 5.6%), Parex Resources Inc (down 5.1%) and Aurora Cannabis Inc (down 4.9%).

Volume Leader: Toronto-Dominion Bank, Canadian Natural Resources Limited and Aphria Inc.

On Wall Street:  Stocks in the United States also traded in red, with the Dow Jones Industrial Average closing 0.55% lower at 28.679.81, the S&P 500 index down 0.63% at 3,511.93 and the Nasdaq Composite Index losing 0.10% at 11,863.90. 

Commodity News*: 

Gold Futures traded 1.78% lower against the previous close at US$ 1,894.60/oz.

Brent Oil traded 1.75% higher at US$ 42.52/bbl, and WTI Crude traded 1.95% higher at US$ 40.20/bbl.

*Details as on October 13, after markets close.

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