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The broader equity gauge of Canada, S&P/TSX Composite Index, moved higher to close at 49.13 points to 16,279.36 on Thursday. However, the index traded below its long-term support levels of 200-day simple moving average (SMA) and below the crucial short-term support level of 50-day SMA, which implies a bearish technical indicator. The index also closed below its immediate support levels of five-day, 10-day, 20-day, and 30-day SMAs.
Sector Summary*
Source: EODHD/Others (Thomson Reuters)
Top Gainers: Alamos Gold Inc (up 12.5%), Aurora Cannabis Inc (up 7.1%), and FirstService Corp (up 6.0%) respectively.
Top Laggards: OceanaGold Corp (down 10.3%), Shopify Inc (down 5%), and Element Fleet Management Corp (down 4.9%), respectively.
Volume Leaders: Husky Energy Inc., Cenovus Energy Inc. and Suncor Energy Inc.
At the closing the S&P/TSX featuring a dividend yield of 3.8% and traded at a Price-to-Earnings (PE) multiple of 16.88x.
5-day Price Chart (as on October 29, 2020); Source: EODHD/Others (Thomson Reuters)
On Wall Street: The broader indices of the United States traded in green. The Dow Jones traded approximately 139 points or 0.52% to 26,659.11, the S&P 500 index traded 39.08 points or 1.19% to 3,310.11 and technology-dominated Nasdaq Composite traded ~ 180 points or 1.64% higher at 11,185.59.
Commodity News*
Gold Futures traded 0.56% lower at US$1,868.65/oz.
Brent December Futures extended losses and tumbled 2.45% to US$ 38.16/bbl, and the American Oil benchmark plummeted 3.26% to US$ 36.17/bbl.
*Details as on October 29, 2020
