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The leading benchmark index of the Toronto Stock Exchange, TSX Composite ended higher after two consecutive days of negative settlement. The index was up ~63 points or 0.39% to 16,184.54. On the TSX, 161 stocks rose and 59 fell as a 2.7-to-1 ratio favoured advancers. There were 7 new highs and 1 new low, with a total volume of 214.8 million shares.
5-day Daily Price Chart (as on October 01, 2020). Source: EODHD/Others (Thomson Reuters)
TSX Composite traded above 5-day, 10-day, 100-day and 200-day Simple Moving Averages (SMAs); however, ended below the crucial short-term support levels of 30-day and 50-day SMAs. Leading momentum indicator 14-day and 9-day RSI is hovering in a neutral zone, However, tilted towards the oversold zone. Also, the MACD is hovering below 9-day SMA, with the difference between 12-day and 26-day EMA is negative.
On Wall Street: Benchmark indices of the NYSE extended gains for the second straight day, with the Dow Jones Industrials up 35.20 points or 0.13% to 27,816.90, the tech-heavy Nasdaq Composite added 159 points or 1.42% to 11,326.51 and the S&P 500 index increased 17.80 points or 0.53% to 3,380.80.
TSX Sector Cues
Gainer: Academic & Educational Services (up 4.41%), Real Estate (up 1.80%), Technology (up 1.79%)
Losers: Energy (down 1.47%) and Industrials (down 0.13%)
Source: EODHD/Others (Thomson Reuters)
TSX Stocks Cues
Top Movers: Ballard Power Systems Inc (up 8.65%), NFI Group Inc (up 7.49%), and New Gold Inc (up 5.29%)
Bottom Movers: Cenovus Energy Inc (down 6.55%), Crescent Point Energy Corp (down 4.97%), and Suncor Energy Inc (down 4.67%)
Volume Leaders: Suncor Energy Inc., Canadian Natural Resources Limited, and Cenovus Energy Inc.
Commodity Cues
American crude oil benchmark, West Texas Intermediate oil futures plummeted 4.08%, or $1.64, to $38.58 a barrel. International Crude Oil benchmark, Brent crude slumped 3.66%, or $1.55, to $40.75/bbl.
Safe haven yellow metal offset previous losses and traded 1.10% higher at US$ 1,916.30/oz.
*At the close (on October 01, 2020)
