TSX Composite Index falls 0.77% to 18,669 Level

3 min read | March 23, 2021 05:32 PM EDT | By Team Kalkine Media

Copyright © 2021 Kalkine Media Pty Ltd.

The TSX Composite Index dropped by 0.77% to 18,669.80 on Tuesday and recorded trade volume of 252.07 million. The sectors attributing to this fall are Healthcare, Energy and Basic Materials, registering decline of 2.85%, 2.05% and 2.64%, respectively. 

Sectoral Summary  

Source: EODHD/Others (Thomson Reuters)

Various indices showing downturn are energy index, down by 4.64%, healthcare index, down by 2.46% coupled with Industrial and Base Metal index showed the dip of 0.26% and 4.53%, respectively.

5-day Daily Price Chart (as on March 23, 2021). Source: EODHD/Others (Thomson Reuters)

The TSXV dropped by 2.82% to 966.82 from last traded day.

Top-5 Gainers and Laggards

 

Ticker

Company Name

% Change

Top-5 Movers

WN

George Weston Ltd

5.3%

L.PR. B

Loblaw Companies Ltd

3.5%

MFI

Maple Leaf Foods Inc.

2.0%

TCN

Tricon Residential Inc.

1.9%

QSP.UN

Restaurant Brands International Inc

1.8%

Top-5 Laggards

WPRT

Westport Fuel Systems Inc.

-10.1%

HBM

Hudbay Minerals Inc.

-8.3%

MEG

MEG Energy Corp.

-8.1%

VET

Vermillion Energy Inc.

-7.9%

NXE

Nexgen Energy Ltd.

-7.5%

Source: EODHD/Others (Thomson Reuters)

 

Most Actively Traded (Vol.)

On Tuesday, Share of Bombardier Inc. was the most active stock from the volume standpoint with 23.47 million shares exchanged hands. Further, shares of Suncor Energy Inc. and Canadian Natural Resources Ltd. were also among the active stocks, with daily  volume of 14.84 million and 14.60 million, respectively.

US Markets

Benchmark indices of the United States moved in red, led by the recent resurgence in the COVID-19 cases in Europe and Asia Pacific.  The S&P 500 Index dip by 0.76% to 3,910.52. The technology benchmark index Nasdaq Composite Index down 1.12% at 13,227.70, while the Dow Jones slipped by 0.94 % or ~308 points to 32,423.15.

US & Canada Bond Yield:

Yield on the US 10-Year Treasury Bond plummeted by 4.27% to 1.62%.

The Canada 10-Yr Government Bond Yield declined by 4.30% to 1.49%.   

Commodity and Currency Update

WTI Crude Oil Futures plummet 6.16% to US$ 57.56/bbl on Tuesday while the International benchmark Brent Oil Contract gave up ~5.93% to US$ 60.79/bbl on the same day.

Gold Futures

Safe-have yellow metal “Gold Futures” prices went down by 0.75% to US$ 1,725.10/oz. The continued weakness in the gold prices in mainly on account of higher treasury bond yield and a strong US Dollar against the majors. 

Forex Update

Canadian Dollar lost ground against the greenback, with CAD/USD pair trading 0.53% lower at 0.7943. The loonie weakened against its US counterpart for the fourth straight day.

The Dollar Index rose 0.66% on Tuesday against the basket of majors at 92.347.


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