The broader equity gauge of Canada, TSX Composite Index, extended losses of the previous trading session to close 164.5 points or 1.0% lower at 16,247.07 on Monday. Out of the last five trading sessions, the index settled lower for the four trading sessions, implying that the bears are again increasing their pressure on the market.
The index closed above its crucial long-term and support levels of 200-day, 50-day, 30-day, and 20-day simple moving averages (SMAs), but settled lower its five-day and 10-day SMAs, which act as immediate support level in an index.
Five-Day TSX Price Chart as on October 19, 2020, after the market close (Source: Refinitiv, Thomson Reuters)
Academic & Educational Services, Utilities and Financials stocks gained the most. On the side, Healthcare, Basic Materials and Energy were among the laggards.
Source: Refinitiv (Thomson Reuters)
Stocks in Play
Gainers: Aurora Cannabis Inc (up 16.2%), Canopy Growth Corp (up 11.2%) and Spin Master Corp (up 10.1%).
Losers: Silvercorp Metals Inc (down 5.1%), Lundin Gold Inc (down 4.9%), and Aritzia Inc (down 4.7%).
Volume Leaders: Enbridge Inc., Toronto-Dominion Bank, and Manulife Financial Corporation.
On Wall Street, the global benchmark indices traded lower. The Dow Jones Industrials lost 410.89 points or 1.44% to 28,195.42, the S&P 500 Index dropped 57 points or 1.63% at 3,426.92, and tech heavy Nasdaq Composite ended 192.687 points or 1.65% lower at 11,478.88.
Gold Futures pared losses and settled 0.28% higher at US$ 1,911.70.
American Oil benchmark Crude WTI traded 0.12% lower at US$ 40.83/bbl and the International Oil benchmark Brent Oil traded 0.72% lower at US$ 42.62/bbl.
USD/CAD traded at marginally higher at 1.3192 and the Dollar index lower at 93.4289.
*Figures after markets close (as on October 19, 2020)