TSX ends the week on positive note

August 21, 2020 11:10 PM EDT | By Team Kalkine Media
 TSX ends the week on positive note

On TSX: TSX Composite Index, the benchmark index of the Toronto Stock Exchange, ended the week on a positive note, added 0.02% over seven days. However, on Friday, the index gave up 88.91 points or 0.54% to settle at 16,517.85. Energy and healthcare stocks faced the biggest loss, slumping by 2.9% and 1.37% respectively.

The TSX Composite Index traded above its 200-day, 100-day, 50-day, and 20-day Simple Moving Averages (SMAs). The index, however, traded below its 5-day and 10-day SMAs. The leading momentum indicator: 14-day Relative Strength Index (RSI) hovering in neutral zone.

The TSX Venture Composite Index doffed 9.17 points or 1.24% to settle lower at 730.31 on Friday.

5-day Price Chart of TSX Composite Index (as on August 21, 2020, after the market close). Source: Refinitiv (Thomson Reuters)

52W H/L: Jamieson Wellness Inc., Canadian National Railway Company and Dye & Durham Limited are among the stocks reached a new 52-week high on the Toronto Stock Exchange. On the other side, General Moly Inc. and Bombardier Inc. are the only stocks to register a 52-week low in Friday’s intraday trading.

On Wall Street: The Dow Jones climbed 190.6 points or 0.7%, to close at 27,930.33. The S&P 500 surged 0.3% to end the day at 3397.16, setting up another closing record. The Nasdaq Composite advanced 0.4% to 11,311.80 – also a record close.

TSX Cues

Volume Leader: Suncor Energy Inc., Cenovus Energy Inc, Baytex Energy Corp., Manulife Financial Corporation and D-Box Technologies Inc.

Stock News:

Top Movers: SOPerior Fertilizer Corp (up 33.3%)., Apollo Healthcare Corp. (up 21.0%), CIBT Education Group Inc. (up 16.67%) and Cathedral Energy Services Ltd. (up 15.56%).

Bottom Movers: Prairie Provident Resources Inc. (down 25%), Delta 9 Cannabis Inc. (down 22.22%), General Moly Inc. (down 21.95%) and St. Augustine Gold and Copper Limited (down 17.65%).

Commodity Cues

Gold*: Gold futures increased marginally to US$ 1,947.0/onz

Crude Oil*: WTI Crude Oil declined 0.56% to US$ 42.34/bbl and Brent Crude Oil Futures down by 1.22% to US$ 44.35/bbl.

Forex*: Dollar Index up 0.49% to 93.25. CAD/USD up 0.05% to 0.7588.

* As on August 21, 2020, after markets close.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
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.