The key Canadian benchmark index Wednesday settled on a higher note at 16428.30 up 192.17 points or 1.18%. On the daily price chart, TSX Composite Index hovering in a bullish price zone. At closing, the index traded above its crucial short-term as well as long-term support levels of 50-day and 200-day Simple Moving Averages (SMAs). Further, the index also traded above its immediate support levels of five-day, 10-day, 20-day, and 30-day SMAs. The leading momentum indicator, the 14-day and 9-day RSI is also hovering in a neutral zone, and mostly tilted towards the overbought zone.
Five-day price chart (as on October 07, 2020, after market close); Source: Refinitiv, Thomson Reuters
At the last closing, the S&P/TSX Composite Index offering a dividend yield of 3.56% and traded at a Price-to-Earnings (PE) multiple of 17.83x.
Stocks in Play
Gainers: Canopy Growth Corp (up 7.9%), Sleep Country Canada Holdings Inc (up 7.5%) and Lightspeed POS Inc (up 6.7%)
Losers: Maple Leaf Foods Inc (down 4.9%), Eldorado Gold Corp (down 3.4%) and Wesdome Gold Mines (down 3%)
Volume Leaders: VIVO Cannabis Inc, Toronto-Dominion Bank, and Bank of Nova Scotia.
On Wall Street: Bulls returned on the Wall Street on hopes of partial fed stimulus. The Dow Jones Industrials rose 529.45 points or 1.91% to 22,302, the Nasdaq Composite added 210 points or 1.88% to 11,364.60 and the S&P 500 index traded 58.5 points or 1.74% to 3,419.45.
Gold futures was down 0.94% to 1890.80. Brent Oil lost 1.55% to US$ 41.99/bbl, while WTI Crude Oil lost 1.77% to US$ 39.95/bbl.