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The TSX Composite Index plunged for the third consecutive day this week to 18,628.29 and recorded decline of 0.22% from previous day, as investors shifted from technology sector to Energy, Financials, and Industrials sectors.
Traded volume on TSX was 237.18 million. Healthcare, Technology, and Basic Materials indices posted a dip of 3.25%, 2.74% and 0.97%, respectively.
TSX Venture Index also showed downturn for the third consecutive day, fall by 2.10% to 946.51.
Sector Summary
Source: EODHD/Others (Thomson Reuters)
On contrary, Energy index gained 3.43%, Financial Index improved by 0.16%, Industrial Index up by 0.53% due to shift of investors preferences in these sectors.
5-day TSX Composite Daily Price Chart (as on 24 March 2021). Source: EODHD/Others (Thomson Reuters)
Movers and Laggards on TSX Composite
|
Ticker |
Company Name |
% Change |
|
Top-5 Movers |
||
|
VET |
Vermillion Energy Inc. |
6.2% |
|
MEG |
MEG Energy Corp |
5.1% |
|
IMO |
Imperial Oil Ltd |
5.1% |
|
CPG |
Crescent Point Energy Corp |
4.6% |
|
WDO |
Wesdome Gold Mines Ltd |
4.4% |
|
Top-5 Laggards |
||
|
LAC |
Lithium American Corp |
-7.5% |
|
SOY |
Sunopta Inc |
-7.3% |
|
VFF |
Village Farm Inc. |
-7.1% |
|
DND |
Dye & Durham Ltd. |
-7.0% |
|
CFP |
Canfor Corp. |
-6.7% |
Source: EODHD/Others (Thomson Reuters)
Volume Movers:
TC Energy Corp was most actively traded stock on TSX on Wednesday with 12.89 million exchanged hands, followed by Canadian Natural Resources Ltd. and Toronto-Dominion Bank with traded volume of 10.32 million and 8.66 million, respectively.
US Markets:
Stocks in the United States moved in red zone, led by recent resurgence in the COVID-19 cases across Europe and Asia Pacific.
All three benchmark indices of the Wall Street settled in red. The S&P 500 Index dipped by 0.55% to 3,899.14. The technology benchmark index Nasdaq Composite Index was down 2.01% at 12,961.89, while the Dow Jones slipped by 0.01 % or ~309 points to 32,420.06.
US & Canada Bond Yield:
Yield on the US 10-Year Treasury Bond plummeted by 0.53% to 1.61%.
The Canada 10-Yr Government Bond Yield declined by 1.01% to 1.47%.
Commodity and Currency Update
WTI Crude Oil Future showed upward trend of 5.92% to US$ 61.18/bbl on Wednesday while the International benchmark Brent Oil Contract moved up ~5.95% to US$ 64.41/bbl on the same day.
Crude Oil price surged due to supply bottlenecks; however, it could subside again once shipping resumes.
Gold Futures prices went up by 0.47% to US$ 1,733.20/oz.
The US Dollar Index moved 0.20% higher on Wednesday against the basket of majors at 92.530.
