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.