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Canadian benchmark index, S&P/TSX Composite Index moved higher on Friday, led by strength in the Basic Materials sector stocks. The TSX Base Metals index rose 4.53%, followed Energy up 1.98% and Industrials up 0.86% respectively.
However, Telecommunications and Healthcare sectors offset some of the gains, as telecom sector was down 1.69% and Healthcare declined 1.57% respectively.
The S&P/TSX Composite Index rose 0.54% and 101.48 points to 18,752.58.
5-day TSX Composite Daily Price Chart (as on March 26, 2021). Source: EODHD/Others (Thomson Reuters).
Movers and Losers
|
Ticker |
Company Name |
% Change |
|
Top-5 Gainers |
||
|
MEG |
MEG Energy Corp |
6.30% |
|
TECK.B |
Teck Resources Ltd |
5.60% |
|
VII |
Seven Generations Energy Ltd |
5.00% |
|
ARX |
ARC Resources Ltd |
4.90% |
|
FM |
First Quantum Minerals Ltd |
4.90% |
|
Top-5 Losers |
||
|
OGI |
OrganiGram Holdings Inc |
-4.30% |
|
T |
Telus Corp |
-3.50% |
|
APHA |
Aphria Inc |
-3.50% |
|
CIGI |
Colliers International Group Inc |
-3.20% |
|
CRON |
Cronos Group Inc |
-3.00% |
Source: EODHD/Others (Thomson Reuters)
Volume Leaders: Power Corporation of Canada was the most actively traded stock on Friday from the volume standpoint with around 13.07 million stocks exchanging hands. This was followed by Telus Corporation with traded volume of 12.4 million and TC Energy Corporation with one-day volume of 10.76 million.
US Markets:
United States market closed on a positive spin at the end of the week. The main indexes rose on Friday amid technology, energy and financials which provides boost in the market. All three benchmark indices of the Wall Street settled bullish, with the S&P 500 Index up by 1.66% to 3,974.54. The technology benchmark index Nasdaq Composite Index up 1.24% at 13,138.73, while the Dow Jones up by 1.39 % or ~453 points to 33,072.88.
US & Canada Bond Yield:
Yield on the US 10-Year Treasury Bond up by 2.51% to 1.67 while the Canada 10-Yr Government Bond Yield went up by 2.24% to 1.50.
Commodity and Currency Update
WTI Crude Oil Future went by 4.12% to US$ 60.97/bbl on Friday while the International benchmark Brent Oil up by 4.23% to US$ 64.57/bbl on the same day over the impaired optimism of global recovery.
Gold Futures prices up ~0.42% to US$ 1,732.30/oz amid rising bond yields and recovery from the pandemic.
The USD/CAD was down 0.27% to 1.25 on Friday. The US Dollar Index also declined 0.05% against a basket of majors at 92.775.
