TSX posts year’s biggest monthly gain as it grows 4.82% in October

2 min read | October 29, 2021 01:30 AM EDT | By Team Kalkine Media

The TSX Composite Index fell 160.46 points or 0.76 per cent to 21,037.07 Friday, October 29. However, the fact that it was only the fourth day in October to experience loss meant that it was the highest monthly gain posted by the index this year. The index gained 4.82 per cent in October.

Amid supply chain concerns, financials were down 1.35 per cent and industrials were down 0.65 per cent. Healthcare and base metals were down 0.65 per cent and 0.73 per cent, respectively.

One-year price chart (October 29). Analysis by Kalkine Group

Volume active

The stock that was traded the most was Suncor Energy Inc with 11.54 million shares exchanging hands, followed by Manulife Financial Corporation where 9.27 million shares exchanged hands, and the Toronto-Dominion Bank with 8.4 million shares exchanging hands.

Movers and laggards

Wall Street update

Microsoft has now beaten Apple as the company with the biggest market cap. Microsoft’s stock gained 2.24 per cent on Friday's trading and Apple’s was down 1.82 per cent. The three main Wall Street indices continued to gain on Friday as they inched upward throughout the day.

 Nasdaq grew 0.33 per cent, 50.27 points to 15,498.39. The S&P 500 rose 0.19 per cent or 8.96 points to 4,605.38 points, while the Dow was up 0.25 per cent or 89.08 points to 35,819.56 points.

Commodity update

Gold fell 1.04 per cent and traded at US$ 1,783.90. Brent oil grew 0.07 per cent to US$ 84.38/bbl, while crude oil rose 0.92 per cent to US$ 83.57/bbl.

Currency news

The loonie was down 0.36 per cent against the US dollar on October 29, while USD/CAD ended in the green at 1.2387.

The US Dollar Index had a green day against the basket of major currencies Friday and ended at 94.12, up 0.83 per cent.

Money market

Friday saw the US 10-year bond yield fall 1.01 per cent and end at 1.561.

The Canada 10-year bond yield grew 2.99 per cent on October 29 and ended at 1.723.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next
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.