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

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

 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. 

One-year price chart (June 28). Analysis by © 2022 Kalkine Media® 

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. 

Money market 

The US 10-year bond yield was down 0.76 per cent to 3.177 and the Canada 10-year bond yield was down 1.39 per cent to 3.334. 

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