AUS
NZ
UK
CA
USA
IND
.png)
The TSX Composite Index was down again Thursday, January 27, even though the energy sector gained 1.4 per cent and the financial sector was pretty much unchanged. The S&P/TSX Capped Energy Index is up 16.1 per cent year-to-date, the TSX benchmark is in the loss 3.2 per cent YTD. It lost 51.78 points, 0.25 per cent, to 20,544.11 on Thursday.
The tech sector remains volatile, falling 2.2 per cent, while the healthcare sector lost nearly three per cent. The stock of crypto miner Hut 8 Mining Corp lost 10.9 per cent.
One-year price chart (January 27). Analysis by © 2022 Kalkine Media®
Volume actives
Suncor Energy Inc saw 11.7 million shares traded, making it the most active stock. It was followed by
Royal Bank of Canada that saw over 9.2 million shares switch hands, and Baytex Energy Corp saw over 8.8 million shares traded.
Movers and laggards
Wall Street update
Similarly, on Wall Street, there was volatility. Trade was choppy on the main indices all day, and then plummeted toward market close.
The Dow edged lower by 7.31 points, 0.02 per cent, to 34,160.78 points, while the S&P 500 dropped 23.42 points, 0.54 per cent, to 4,326.51 points. Nasdaq’s benchmark sank 189.34 points, 1.4 per cent, to 13,352.78, and it’s looking more certain this is a correction.
Commodities update
Gold fell two per cent to US$ 1,793.10. Brent oil lost 0.69 per cent to US$ 89.34/bbl. Crude oil was down 0.85 per cent to US$ 86.61/bbl.
Currency news
The loonie posted a 0.59 per cent loss Wednesday while USD/CAD ended at 1.2740. The US Dollar Index was at 97.25 against the basket of major currencies, up 1.36 per cent.
Money market
The US 10-year bond yield was down 3.72 per cent to 1.803 and the Canada 10-year bond yield was down 3.42 per cent to 1.777.
