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Equity benchmark index of Canada, the S&P/TSX Composite Index, closed higher for the third straight day on Wednesday. It added approximately 159 points or 0.96% to end at 16,774.14.
The index features an uptrend as it closed above all its crucial long-term, short-term as well as immediate support levels of 200-day, 100-day, 50-day, 30-day, 20-day, 10-day and 5-day Simple Moving Averages (SMAs), respectively.
Leading the index, shares of Great Canadian Gaming Corp, Linamar Corp and Boyd Group Services Inc are among the top performing stocks on the S&P/TSX and up by 34.6%, 16.1% and 8.0%, respectively.
On the other side, shares of Aurora Cannabis Inc, Air Canada, and Torex Gold Resources Inc are among the laggards on the broader index and plummeted by 7%, 4.5% and 4.3% respectively.
Volume Leaders include Aurora Cannabis Inc., Enbridge Inc. and Suncor Energy Inc.
The index featured a dividend yield of 3.48% and traded at a Price-to-Earnings (PE) multiple of 19.95x at closing.
S&P/TSX 5-day Price Chart (as on November 11, 2020, after the market close). Source: EODHD/Others (Thomson Reuters)
On Wall Street*: Stocks on the Wall Street moved up with Nasdaq gaining 2.01% to 11,786.43 and the S&P 500 index adding 0.77% to 3,572.66. However, Dow Jones Industrials Average traded slightly lower at 29,397.63.
Gold futures* doffed some gains of the previous trading session and settled 0.79% lower at US$1,861.60.
American oil benchmark Crude WTI traded 0.22% to $ 41.45/bbl and the international oil benchmark traded 0.44% to $ 43.80/bbl.
USD/CAD traded at 1.3062 on Wednesday vs 1.3039 on Tuesday.
US greenback gained ground against the basket of major currencies for the second straight day, with Dollar index traded 0.31% higher at 93.024*.
* Details at market closing on November 11, 2020
