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After four straight days of losses, key Canadian equity gauge TSX Composite rose 1.01% to 16,142.89. A total of 152 stocks rose and 67 fell as a 2.3-to-1 ratio favoured advancers.
Despite a reversal on the daily price chart, the index ended below its short-term and long-term support levels of five-day, 10-day, 20-day, 30-day, and 50-day SMAs, but ended above crucial support levels of 100-day and 200-day simple moving averages (SMAs). Fourteen-day and nine-day relative strength index (RSI), the leading momentum indicators, hovered in the neutral territory and tilted towards the oversold zone.
Five-day Price Chart (as on September 22, 2020 / Source: EODHD/Others, Thomson Reuters)
Top gainers: Aurora Cannabis Inc (up 15.2%), Metro Incâ (up 5.1%), and Aritzia Incâ (higher by 4.7%).
Top losers: Eldorado Gold Corpâ (down 4.3%), Trillium Therapeutics Inc (down 3.6%), and Bausch Health Companies Inc (lower by 3.4%).
Volume Active: Canadian Natural Resources Ltd, Suncor Energy Inc, and Aurora Cannabis Inc.
On Wall Street: Stocks on the Wall Street rebounded on Tuesday, despite reports of delay in new fiscal stimulus and surge in COVID-19 cases dampening hopes of a faster economic recovery. The S&P 500 index surged 1.05% to 3,315.57 while technology benchmark index Nasdaq Composite Index leapt up 184.84 points or 1.71% to 10,963.64. Dow Jones Industrials Average added 140.48 points or 0.52% to 27,288.18.
Commodity Cues*
The gold futures slipped for the second straight day and settled 0.16% lower at US$ 1,907.60/oz.
International Crude Oil benchmark traded 0.68% higher at US$ 41.72/bbl and WTI Crude Oil added 0.74% to end at US$ 39.60/bbl.
*Market details as on September 22, 2020
