The S&P/TSX Composite Index gained by 49.04 points or 0.25 per cent to close at 19,669.17 on Monday, August 8, led by cannabis and mining stocks.
The healthcare sector jumped higher by 5.41 per cent, followed by the base metals sector, which spiked by 1.06 per cent. The energy, telecom and utilities also edged higher by 0.63 per cent, 0.69 per cent and 0.42 per cent respectively. Meanwhile, the information technology (IT), financial and industrial sector were in the red territory.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (August 8). Analysis by © 2022 Kalkine Media®
Suncor Energy (TSX: SU) was the most active stock on the Toronto Stocks Exchange (TSX) on August 5, with around 13.94 million SU shares switching hands. Following Suncor was Enbridge (TSX: ENB) and Barrick Gold (TSX: ABX) which saw a trading volume of 13.83 million and 10.24 million respectively.
Wall Street update
The NASDAQ Composite Index fell by 0.1 per cent to 12,644.46 at the end of Monday session on August 8. Meanwhile, the NYSE Composite Index climbed 0.21 per cent to 15,305.8 this day. The Dow Industrials index rose slightly by 0.09 per cent while the S&P 500 plunged by 0.12 per cent.
Gold prices surged by 0.78 per cent to US$ 1805.2 per troy ounce. Meanwhile, oil prices also edged higher as Crude WTI Futures for September 2022 swelled by 3.04 per cent to US$ 90.76 a barrel while Brent Oil Futures for October 2022 rose by 1.82 per cent to US$ 96.65 per barrel .
CAD/USD and CAD/EUR increased by 0.67 per cent and 0.43 per cent respectively, while the US Dollar Index Futures for September 2022 slumps by 0.20 per cent.