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The TSX Composite index settled lower after the three consecutive days of gains, declining by ~174 points or 1.06% at 16,236.13. The index again traded below its crucial short-term support level of 50-day Simple Moving Average (SMA). However, it is trading above its five-day, 10-day, 20-day, 100-day and 200-day SMAs. Meanwhile, the 14-day and nine-day relative strength index (RSI) hovered in a neutral zone. However, it was tilted towards the oversold territory.
Five-day Price Chart as on 6 October 2020, after markets close; Source: EODHD/Others, Thomson Reuters
At the last closing, the S&P/TSX Composite Index offering a dividend yield of 3.57% and traded at a Price-to-Earnings (PE) multiple of 17.83x.
The TSX Venture Composite index lost 6.91 points or 0.96% to close at 705.89.
Sector Summary
Almost every constituent sector of the TSX Composite traded in red. Basic Materials and Healthcare sectors were the hardest hit while Financials traded flat.
Source: EODHD/Others (Thomson Reuters)
Stocks in Play
Gainers: Cargojet Inc (up 5.10%), Parex Resources Inc (up 3.78%) and Trillium Therapeutics Inc (up 3.71%)
Losers: Centerra Gold Inc (down 15.31%), Cascades Inc (down 8.06%) and Ivanhoe Mines Ltd (down 7.57%)
Volume Leaders: Bank of Nova Scotia, Toronto-Dominion Bank, and Suncor Energy Inc
On Wall Street
Bears returned on the Wall Street as US President Donald Trump puts stimulus talks on hold. The Dow Jones Industrials slumped 375.88 points or 1.34% to 27,772.76, the Nasdaq Composite fell ~ 178 points or 1.57% to 11,154.60 and the S&P 500 index traded ~ 48 points or 1.40% to 3,360.95.
Commodity News*
Gold futures declined 0.59% to US$ 1908.80. Brent Oil added 3.29% to US$ 42.65/bbl, and WTI Crude Oil increased by 3.70% to US$ 40.67/bbl.
*Details on 6 October 2020, after markets close
