TSX Composite Moved Up by 232 Points, Helathcatre and Meatals and Mining Lead the Surge.

2 min read | January 28, 2021 05:05 PM EST | By Team Kalkine Media

After two straight days of negative closing, the S&P/TSX Composite Index moved higer on Thursday, adding approximately 232 points or 1.34% to 17,657.20. The index pared most of the losses it accumulated in the last two trading days.

Healthcare and metals and mining were the top performing sectors on the TSX, surging approximately by 3.77% and 3.15%, respectively. Information technology and telecom sectors were the laggards on Thursday, down 2.17% and 0.62%, respectively.

The S&P/TSX Composite Venture Index added 6.53 points or 0.71 per cent to settle at 923.93.

S&P/TSX 5-day Price Chart (as on January 28th, 2021). Source: EODHD/Others (Thomson Reuters)

 

Top Performers on TSX: First Majestic Silver Corp (up 21.6%), Fortuna Silver Mines Inc (up 13.9%), and Pan American Silver Corp (up 11.3%).

Top Laggards on TSX Composite: BlackBerry Ltd (down -40.3%), Real Matters Inc (down -8.1%), and Canada Goose Holdings Inc (down -6.2%).

Volume Leaders TSX: BlackBerry Ltd, Royal Bank of Canada and Pan American Silver Corp.

On Wall Street: All three benchmark indices of the Wall Street moved up, with the Dow Jones Industrials up 0.99% or ~300 points to 30,603.36.

The S&P 500 Index moved up by 0.98% or 36.61 points to 13,337.16, and the Nasdaq Composite Index surged 66.56 points or 0.50% to 13,337.16, respectively.

 

Commodity Update*

 

WTI Crude Oil declined 0.96% to $52.34/bbl on Thursday. Brent Crude Oil traded 0.50% lower at $55.33/bbl.

Gold Futures traded 0.42% lower at $1,841.20/oz. This was third consecutive days of weakness in the gold prices.

 

Money Market and Forex*

 

Canada 10-Year Government Bond Yield increased by 2.52% to 0.814%. Whereas yield on the US 10-Year Treasure Bond Yield increased by 3.85% to 1.052% respectively.

Bitcoin moved higher on Thursday, with BTC/USD traded 9.45% higher at 33,331.0.

Currency pair, USD/CAD moved traded 0.23% higher at 1.2828. The US Dollar Index ended lower by 0.23% to 90.27.

*All details after markets close on January 28, 2021.


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