TSX posts 13.84% loss in Q2 as all major sectors close in red

Be the First to Comment Read

TSX posts 13.84% loss in Q2 as all major sectors close in red

 TSX posts 13.84% loss in Q2 as all major sectors close in red
Image source: Pixabay.com

The TSX Composite Index fell 1.14 per cent, 217.28 points, to 18,861.36, Thursday, June 30. All major sectors closed in the red. The energy sector and tech fell 1.7 per cent each and healthcare was down over four per cent. Base metals lost nearly three per cent and financials 0.5 per cent. 

This year’s second quarter has been one of the worst in recent memory for Canada’s benchmark index with a loss of 13.84 per cent. In June, it lost over nine per cent.  

One-year price chart (June 30). Analysis by © 2022 Kalkine Media® 

Volume actives 

The Bank of Nova Scotia saw 9.31 million shares traded, making it the most active stock. It was followed by Crescent Point Energy Corp that saw nearly 7.21 million shares switch hands, and Cenovus Energy Inc saw 7.2 million shares traded. 

Movers and laggards 

Ticker  

Company Name 

1-day Price % Change  

Top-5 Gainers 

CFP 

Canfor Corp 

3.7% 

TFII 

TFI International Inc 

2.8% 

IAG 

iA Financial Corporation Inc 

2.4% 

EFN 

Element Fleet Management Corp 

2.2% 

WSP 

WSP Global Inc 

2.1% 

Top-5 Laggards 

WEED 

Canopy Growth Corp 

-18.5% 

NG 

NovaGold Resources Inc 

-10.5% 

KNT 

K92 Mining Inc 

-7.6% 

EQX 

Equinox Gold Corp 

-6.8% 

IMG 

IAMGOLD Corp 

-6.8% 

Wall Street updates 

On Wall Street, the bearish quarter closed with a day in the red. The Dow was lowered by 253.88 points, 0.82 per cent, to 30,775.43 points, while the S&P 500 gave away 33.45 points, 0.88 per cent, to 3,785.38 points. Nasdaq’s benchmark plunged 149.16 points, 1.33 per cent, to 11,028.74. 

Commodities gain 

Gold was down 0.56 per cent to US$ 1,807.30. The price of Brent oil fell 3.04 per cent and was at US$ 109.03/bbl and that of crude oil was down 3.66 per cent to US$ 105.76/bbl. 

Currency news 

The loonie rose 0.15 per cent compared to the US dollar while USD/CAD ended at 1.2872. The US Dollar Index was at 104.68 against the basket of major currencies, down 0.4 per cent. 

Money market 

The US 10-year bond yield was down 2.29 per cent to 3.017 and the Canada 10-year bond yield was down 2.66 per cent to 3.225. 

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK