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The TSX Composite Index moved up to 18,854.00 on Friday, March 19, witnessing an increase of 0.09%. The benchmark index dipped around 0.50% in the last five trading sessions.
The index recorded a high of 18,883.68 and low of 18,721.74 on Friday. The volume traded was 601.93 million, which was higher than the previous day’s trade volume of 266.04 million.
This increase in momentum of the TSX index was primarily due to Canadian Energy and Health Care Stocks, which rose by 2.52% and 1.55%, respectively.
Energy stocks in Canada like Cenovus Energy Inc, Canadian Natural Resources Limited gained 1.62% and 1.89%, respectively.
TSX Composite Index: 5-Day Price Chart, as on 19 March 2021 / Source: EODHD/Others (Thomson Reuters)
Movers and Laggards
|
Ticker |
Company Name |
% Change |
|
Top-5 Gainers |
||
|
SOY |
Sunopta Inc |
6.7% |
|
TRIL |
Trillium Therapeutics Inc |
6.3% |
|
OGC |
OceanaGold Corp |
6.1% |
|
CPG |
Crescent Point Energy Corp |
5.6% |
|
PXT |
Parex Resources Inc |
4.5% |
|
Top-5 Laggards |
||
|
CF |
Canaccord Genuity Group Inc |
-7.7% |
|
TECKb |
Teck Resources Ltd |
-6.2% |
|
CG |
Centerra Gold Inc |
-5.6% |
|
NXE |
Nexgen Energy Ltd |
-5.6% |
|
EDR |
Endeavour Silver Corp |
-4.0% |
Source: EODHD/Others (Thomson Reuters)
Volume Movers:
Denison Mines Corp. was the most actively traded stock from the volume standpoint on Friday with 27.47 million shares exchanging hands. Its shares were up by 2.14% to C$1.43. Cenovus Energy Inc. and Canadian Natural Resources Ltd. followed next, with traded volume of 23.78 million and 23.62 million, respectively.
US Markets
Stocks in the United Sates traded in mix, as technology stocks registered some strength on Friday. The Nasdaq Composite Index moved 0.76% higher at 13,215.24. However, Dow Jones moved 0.71% or ~234 points lower at 32,627.97 and the S&P 500 Index traded 0.06% lower at 3,913.10.
US Bond Yield
The US 10-year bond yield is playing crucial role in setting the market direction. The bond yield again spiked by approximately 1.38% to 1.73 on Friday. Bond yield has increased by 7.65% over the past one week from 1.60 to 1.73.
Commodity and Currency Update
Crude Oil WTI
Crude Oil price went up by 2.37% to US$ 61.42 on Friday. Crude oil prices witnessed continuous decline over the past couple of days, starting from US$ 65.39 on Monday to US$ 60.00 on Thursday, followed by mild increase on Friday.
Brent Oil Futures
Brent Oil price rose by 1.98% to US$ 64.53 on Friday v/s US$ 63.28 from previous day. This rise was witnessed after a week. The continuous decline in the Oil prices over the past couple of days resulted from new wave of COVID-19 infections in various regions across the globe causing fresh lockdowns and thus dampening hopes for fuel recovery.
Gold Futures
Gold Future price was up by 0.53% to US$ 1,741.70 on Friday v/s US$ 1,732.50 from previous day. However, surging bond yields and interest rates creating pressure on yellow metal price. Over the past four days, gold futures have been on a roller coaster ride.
