TSX marginally in red as energy offsets losses, oil prices up

Published on June 29, 2022 04:17 AM EDT

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Sundeep Radesh - Research Editor
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TSX marginally in red as energy offsets losses, oil prices up — Image source: Pixabay.com

The TSX Composite Index fell a marginal 0.18 per cent to 19,222.74 Tuesday, June 28, down 35.58 points. The energy sector’s gain of 4.15 per cent reduced the effect of losses seen by tech, down 2.2 per cent, and healthcare, down 1.6 per cent.

Lightspeed Commerce Inc and Shopify Inc lost seven per cent and 6.2 per cent, respectively. Meanwhile, oil prices continued to rise.

Volume actives

Athabasca Oil Corporation saw 14.5 million shares traded, making it the most active stock. It was followed by the Bank of Nova Scotia that saw nearly 13 million shares switch hands, and Crescent Point Energy Corp saw nearly 10 million shares traded.

Movers and laggards

Ticker	Company Name	1-day Price % Change
Top-5 Gainers
ARX	ARC Resources Ltd	8.8%
SES	Secure Energy Services Inc	8.1%
NVA	Nuvista Energy Ltd	7.9%
TVE	Tamarack Valley Energy Ltd	6.9%
SDE	Spartan Delta Corp	6.8%
Top-5 Laggards
K	Kinross Gold Corp	-7.0%
LSPD	Lightspeed Commerce Inc	-7.0%
SHOP	Shopify Inc	-6.2%
OSK	Osisko Mining Inc	-6.1%
CS	Capstone Copper Corp	-5.7%

Wall Street updates

On Wall Street, there were more significant losses seen. the Dow pushed lower by 491.27 points, or 1.56 per cent, to 30,946.99 points, while the S&P 500 was down 78.56 points, 2.01 per cent, to 3,821.55. Nasdaq’s benchmark shed 343.01 points, 2.98 per cent, to 11,181.54.

Commodities gain

Gold was down 0.2 per cent to US$ 1,821.20. The price of Brent oil gained 2.51 per cent and was at US$ 117.98/bbl and that of crude oil was up two per cent to US$ 111.76/bbl.

Currency news

The loonie rose 0.05 per cent compared to the US dollar while USD/CAD ended at 1.2871. The US Dollar Index was at 104.47 against the basket of major currencies, up 0.51 per cent.