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On the first day of the week, the TSX composite index showed a downward movement of around 0.21%. The index slipped to 18,815.13 v/s 18,854.00 from the previous day on Monday, March 21, 2021.
The volume traded was 209.66 million, which was lower than the pervious day traded volume of 601.93 million.
The dip was a result of several sectors that showed negative momentum consistently, i.e., Energy, Financial, Healthcare, and Industrial.
The Canadian Energy Index showed a downside of 1.86 %, followed by 2.17% downside in Health care index. Additionally, Financial sector index declined by 0.40%.
Several energy stocks in Canada like Suncor Energy Inc, Canadian Natural Resources Limited and TC Energy Corporation showed the decline of 2.24%, 1.69% and 0.24%, respectively. Although, at times, the TSX index showed positive momentum due to sound performance in IT, Base Metals and Telecom sectors.
TSX Composite Index’s 5 Day Price Chart, as on March 22, 2021/ Source: EODHD/Others (Thomson Reuters)
Movers and Laggards on TSX Composite
|
Ticker |
Company Name |
% Change |
|
Top-5 Movers |
||
|
TRQ |
Turquoise Hill Resources Ltd |
5.8% |
|
WDO |
Wesdome Gold Mines Ltd |
4.3% |
|
WTE |
Westshore Terminals Investment Corp |
3.7% |
|
SHOP |
Shopify Inc |
3.6% |
|
CFP |
Canfor Corp |
3.6% |
|
Top-5 Laggards |
||
|
CAS |
Cascades Inc |
-8.1% |
|
VFF |
Village Farms International Inc |
-7.1% |
|
CP |
Canadian Pacific Railway Ltd |
-5.4% |
|
ERF |
Enerplus Corp |
-4.9% |
|
OGI |
OrganiGram Holdings Inc |
-4.8% |
Source: EODHD/Others (Thomson Reuters)
Volume Movers:
Bombardier Inc. was the most actively traded stock from the volume standpoint on Monday with 16.50 million shares exchanging hands, its shares were up by 10.66% to CAD 0.83. Suncor Energy Inc. and Canadian Natural Resources Ltd. followed next, with traded volume of 12.70 million and 10.65 million, respectively.
US Markets:
The S&P 500 Index improved by 0.70% at 3,940.59 on Monday, driven by technology stocks. The Tech-heavy Nasdaq Composite Index improved 1.23% at 13,377.54. However, Dow Jones moved up by 0.32% or ~103points higher at 32,731.20.
Commodity and Currency Update
On Monday 22 March, Crude Oil WTI price went up by 1.03% to US$ 61.55 v/s US$ 60.92 from previous day. Crude oil prices witnessed upward momentum almost after a week on Monday. The day high/low recorded was US$ 61.90 and US$ 60.39 respectively.
Brent Oil price also went up by 1.00% to US$ 64.62. This rise was witnessed after a week. The continuous decline in the Oil prices over the past couple of days resulted from new wave of COVID-19 infections in various regions across the globe causing fresh lockdowns, and thus dampening hopes for fuel recovery.
Gold Future price up by 0.05% to US$ 1,738.10 v/s US$ 1,737.30 from previous day. However, surging bond yields and interest rates creating pressure on yellow metal price. Over the past 4 days, gold futures have shown a roller coaster ride.
