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On Friday, February 25, the TSX Composite Index gained a significant 1.66 per cent, as it swiftly went back over the 21,000-mark. The two big players, financials and energy, that account for nearly 50 per cent of the index grew 2.3 per cent, each. All other sectors were in the green too, base metals spiking over four per cent.
Baytex Energy’s stock gained 14.2 per cent and was also the most traded stock in terms of volume. Friday’s gains of 344.07 points to 21,106.00 meant the benchmark index ended the week in the green, up 0.47 per cent.
One-year price chart (February 25). Analysis by © 2022 Kalkine Media®
Volume actives
Baytex Energy Corp saw 20.2 million shares traded, making it the most active stock. It was followed by
Manulife Financial Corporation that saw over 9.6 million shares switch hands, and Suncor Energy Inc saw 8.6 million shares traded.
Movers and laggards
Wall Street update
The rally also extended on Wall Street. The Dow grew 834.92 points, 2.51 per cent, to 34,058.75 points, while the S&P 500 was up 95.95 points, 2.24 per cent, to 4,384.65 points. Nasdaq’s benchmark ballooned 221.04 points, 1.64 per cent, to 13,694.62.
Commodities update
Gold lost 2.01 per cent to US$ 1,887.60. Brent oil lost 1.16 per cent and was at US$ 97.93/bbl and crude oil was down 1.31 per cent to US$ 91.59/bbl.
Currency news
The loonie posted a 0.82 per cent gain Friday while USD/CAD ended at 1.2705. The US Dollar Index was at 96.61 against the basket of major currencies, down 0.54 per cent.
Money market
The US 10-year bond yield saw no change and was at 1.970 and the Canada 10-year bond yield was down 1.25 per cent to 1.896.
