TSX in red as energy continues fall, bond market rebounds

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TSX in red as energy continues fall, bond market rebounds

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 TSX in red as energy continues fall, bond market rebounds
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The TSX Composite Index fell 0.55 per cent, 104.50 points, to 18,729.66, Wednesday, July 6, despite most indices closing in the green. Discernibly, the loss came largely from the energy sector, which sank by 3.9 per cent.  

Week to date, the S&P/TSX Capped Energy Index has fallen over eight per cent.  The tech sector was down 0.5 per cent.  

Tilray (TLRY) gained 8.3 per cent as the healthcare sector closed in the green and the bond market rebounded after five days of losses. 

 

One-year price chart (July 5). Analysis by © 2022 Kalkine Media® 

Volume actives 

Barrick Gold Corporation saw 14 million shares traded, making it the most active stock. It was followed by Athabasca Oil Corporation that saw 13 million shares switch hands, and Baytex Energy Corp saw 12 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

TLRY 

Tilray Brands Inc 

8.3% 

CFP 

Canfor Corp 

7.2% 

IFP 

Interfor Corp 

5.2% 

IVN 

Ivanhoe Mines Ltd 

4.6% 

WFG 

West Frazer Timber Co Ltd 

4.4% 

Top-5 Laggards 

TVE 

Tamarack Valley Energy Ltd 

-6.9% 

ATH 

Athabasca Oil Corp 

-6.6% 

FRU 

Freehold Royalties Ltd 

-6.6% 

SDE 

Spartan Delta Corp 

-6.2% 

LSPD 

Lightspeed Commerce Inc 

-6.1% 

 

Wall Street updates 

On Wall Street, the Dow was able to push forward by 69.86 points, 0.23 per cent, to 31,037.68 points, while the S&P 500 increased by 13.69 points, 0.36 per cent, to 3,845.08 points. Nasdaq’s benchmark put on 39.61 points, 0.35 per cent, to 11,361.85. 

Commodities  

Gold was down 1.55 per cent to US$ 1,736.50. The price of Brent oil fell 2.02 per cent and was at US$ 100.69/bbl and that of crude oil was down 0.97 per cent to US$ 98.53/bbl. 

Currency news 

The loonie saw no change compared to the US dollar while USD/CAD was at 1.3036. The US Dollar Index was at 107.07 against the basket of major currencies, up 0.5 per cent. 

Money market 

The US 10-year bond yield was up 4.09 per cent to 2.934 and the Canada 10-year bond yield was up 3.74 per cent to 3.192. 

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