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S&P/TSX Composite Index, the benchmark equity gauge of Canada, soared 355.45 points or 2.05% higher on Monday and settled at 17,692.45. The TSX 60 index traded 1.76% higher at 1,044.68 and TSX Venture Index surged 4.21% at 960.84.
The key equity index moved above its short-term crucial resistance of 50-day SMA and 50-day EMA, also traded above its immediate support level of 5-day SMA and EMA.
The S&P/TSX Composite was featuring a dividend yield of 3.4% at the last traded level and Price-to-Earnings ratio of the index stood at 19.55x.
S&P/TSX Composite Index 5-day Price Chart (as on February 01, 2021). Source: Refinitiv (Thomson Reuters).
Most Active: BlackBerry Ltd and Suncor Energy Inc, and Crescent Point Energy Corp.
Top Gainers: Silvercorp Metals Inc (up 25.7%), First Majestic Silver Corp (up 23.5%), and Fortuna Silver Mines Inc (up 18.5%), respectively.
Top Laggards: Aurinia Pharmaceuticals Inc (down 1.9%), Emera Inc (down 1.2%), and Boralex Inc (down 1.1%), respectively.
On Wall Street: All three major globally tracked indices of the New York Stock Exchange ended in green, with the S&P 500 Index moving ~60 points or 1.61% to 3,773.86, Dow Jones Industrials Average up 229.29 or 0.76% to 30,211.91. and technology gauge the Nasdaq Composite Index gained 332.70 or 2.55% to 13,403.39.
Commodities Update*
The American WTI Crude Oil traded 2.59% to $53.55/bbl. The International Oil benchmark Brent Oil traded 0.84% to $56.35/bbl.
The Gold Futures traded 0.74% higher at $1,863.90/oz.
Money Market & Forex*
Canada 10-Year government bond yield lost 0.67% to 0.883. United States 10-Year Treasury Bond Yield increased by 0.79% to 1.079 on Monday.
USD/CAD traded 0.56% higher at 1.2849 and US Dollar Index traded 0.45% higher at 90.975 against a basket of major currencies.
*Details on February 1, 2021, after markets’ close
