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The TSX Composite Index on Thursday, May 19, rebounded by 80.54 points, 0.4 per cent, after its fall of 1.9 per cent the previous day. With a little luck, it might just break its seven-week losing streak, this week.
Energy was back up 0.6 per cent and base metals and tech spiked three per cent and 2.7 per cent, respectively. Financials and industrials’ marginal losses of 0.2 per cent and 0.9 per cent, respectively, were not enough to put the benchmark index in red.
One-year price chart (May 19). Analysis by © 2022 Kalkine Media®
Volume actives
Barrick Gold Corporation saw nearly 14.5 million shares traded, making it the most active stock. It was followed by Enbridge Inc that saw over 9.5 million shares switch hands, and Manulife Financial Corporation saw 9.1 million shares traded.
Movers and laggards
Wall Street updates
On Wall Street, there was no respite yet. The S&P 500 lost 0.58 per cent, 22.89 points, to 3,900.79. Nasdaq’s benchmark was pushed lower by 0.26 per cent, 29.65 points, to 11,388.50, and the Dow sank 0.75 per cent, 236.94 points, to 31,253.13.
Commodities gain
Gold was up 1.39 per cent to US$ 1,841.20. The price of Brent oil rose 2.69 per cent and was at US$ 112.04/bbl and that of crude oil was up 2.39 per cent to US$ 112.21/bbl.
Currency news
The loonie gained 0.54 per cent compared to the US dollar while USD/CAD ended at 1.2819. The US Dollar Index was at 102.92 against the basket of major currencies, down 0.86 per cent.
Money market
The US 10-year bond yield was down 1.26 per cent to 2.848 and the Canada 10-year bond yield was down 2.19 per cent to 2.901.
