TSX down as energy sinks 7%, oil prices fall nearly 10%

Be the First to Comment Read

TSX down as energy sinks 7%, oil prices fall nearly 10%

 TSX down as energy sinks 7%, oil prices fall nearly 10%
Image source: Pixabay.com

The TSX Composite Index fell 1.02 per cent, 194.70 points, to 18,834.16, Tuesday, July 5, after two of its biggest sectors closed in the red. The energy sector, which has rallied for most of this year, plummeted 6.8 per cent. The tech sector, however, closed in the green, up 3.6 per cent. 

Healthcare too gained 3.7 per cent and industrials was up 0.5 per cent. Meanwhile, financials was in the red by 0.4 per cent. Shopify gained nearly 10 per cent and Cronos 7.5 per cent as tech and healthcare stocks dominated the gainers list. 

 

One-year price chart (July 5). Analysis by © 2022 Kalkine Media® 

Volume actives 

The Toronto-Dominion Bank saw 22.4 million shares traded, making it the most active stock. It was followed by Cenovus Energy Inc that saw 10.7 million shares switch hands, and Baytex Energy Corp saw 10.1 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

SHOP 

Shopify Inc 

9.9% 

BHC 

Bausch Health Companies Inc 

8.2% 

CRON 

Cronos Group Inc 

7.5% 

DSG 

Descartes Systems Group Inc 

5.8% 

BB 

BlackBerry Ltd 

5.4% 

Top-5 Laggards 

ATH 

Athabasca Oil Corp 

-13.4% 

NVA 

Nuvista Energy Ltd 

-12.5% 

PD 

Precision Drilling Corp 

-12.3% 

TVE 

Tamarack Valley Energy Ltd 

-11.2% 

POU 

Paramount Resources Ltd 

-10.8% 

 

Wall Street updates 

On Wall Street, as it opened after the Fourth of July, things were more optimistic. While the Dow lost 129.44 points, 0.42 per cent, to 30,967.82 points, the S&P 500 rose 6.06 points, 0.16 per cent, to 3,831.39 points. Nasdaq’s benchmark grew by 194.39 points, 1.75 per cent, to 11,322.24. 

Commodities gain 

Gold was down 2.55 per cent to US$ 1,763.90. The price of Brent oil sank 9.45 per cent and was at US$ 102.77/bbl and that of crude oil was down 9.87 per cent to US$ 99.50/bbl. 

Currency news 

The loonie fell 1.38 per cent compared to the US dollar while USD/CAD ended at 1.3036. The US Dollar Index was at 106.54 against the basket of major currencies, up 1.33 per cent. 

Money market 

The US 10-year bond yield was down 3.87 per cent to 2.818 and the Canada 10-year bond yield was down 3.09 per cent to 3.077. 

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK