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TSX Composite index went downhill on the second consecutive day, declining by 70 points or 0.39% to 17,845.91. Weakness in high-weightage TSX constituents’ energy, financials and industrials sectors pulled down the index. The TSX energy index fell ~2.1%, financials lost 0.76% while industrials fell by 0.36%.
5-day TSX Composite Price Chart (as on January 22nd, 2021). Source: EODHD/Others (Thomson Reuters)
The weakness in energy stocks arrived with the decline in both Brent Oil and Crude Oil futures, which were down 1.2% and 1.6% at the close, at the close.
BlackBerry Limited, Royal Bank of Canada and Bombardier Inc. were among the top active stocks from the volume standpoint on Friday.
BlackBerry Ltd stock was also the top performing stock on the broader market index and up by 10.45%, followed by Ballard Power Systems Inc, up 4.76%, and First Majestic Silver Corp, which gained 4.03%.
Vermilion Energy Inc stock was the worst performer on the TSX Composite, down 5.5%, followed by Crescent Point Energy Corp down 4.76% and Aurora Cannabis Inc down 3.90%.
At the close, the S&P/TSX Composite offering a median dividend yield of 3.35% and traded at a Price-to-Earnings multiple of 19.85x respectively.
On Wall Street, two out of three largely tracked global indices traded in red. The Dow Jones Industrials dropped by 0.57% to 30,996.98 and the S&P 500 index closes 0.30% lower at 3,841.47. The technology gauge, Nasdaq Composite, added 0.09% to 13,543.06.
Gold Futures gave up approximately 0.52% to $1,856.20/oz*.
Yield on the Canada 10-Year Government Bond declined 3.09% to 0.846%. The US 10-Year Treasury Yield declined 2.14% to 1.086% respectively*.
Canadian Dollar recorded weakness against the greenback, with USD/CAD pair traded 0.81% higher at 1.2735*.
The US Dollar Index traded 0.09% higher at 90.212*, strengthening against the basket of major currencies.
Bitcoin surged 7.0% on Friday to $ 33,062*.
*All details after markets close on January 22, 2021