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

July 04, 2022 04:39 AM EDT

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Sundeep Radesh

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Sundeep Radesh - Research Editor
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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.

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.