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The broader equity index of the Toronto Stock Exchange ended lower on Monday (January 11), sliding from an all-time-high a day ago, as investors’ risk appetite receded amid the persistent surge in COVID-19 cases across North America and Europe. The S&P/TSX Composite Index declined 107.62 points or 0.60% to 17,934.45. Mid-cap stock were top losers with the S&P/TSX MidCap index slipping 0.76% to 1,104.22. The S&P/TSX Venture Index also settled 1.27% lower at 885.33.
5-day S&P/TSX Composite Chart (as on January 11, 2021); Source: EODHD/Others (Thomson Reuters)
Metals and Mining stock were performers on Monday with S&P/TSX Metal and Mining sector closes 2.4% lower at 152.34, followed by industrials and information declined 1.09% and 1.01% respectively.
Healthcare was the only sector traded in green, up 3.4%, partially offsetting the losses accrued by the broader index.
Top Performers on TSX Composite: NFI Group Inc (up 15.3%), Cronos Group Inc (up 9%) and Aphria Inc (up 6.3%), respectively.
Top Laggards on TSX Composite: Trillium Therapeutics Inc (down 6.7%), First Quantum Minerals Ltd (down 6%), and Methanex Corp (down 5.5%) respectively.
Volume Leaders: Hut 8 Mining Corp., Toronto-Dominion Bank and Suncor Energy Inc., respectively.
On Wall Street: All three benchmark indices of the United States traded in red. The Dow Jones Industrials Average was down 89.28 points or 0.29% to 31,008.69 while the S&P 500 index declined 25 points or 0.66% to 3,799.61. Nasdaq Composite, technology benchmark index, slumped 165.53 points or 1.25% to 13,036.43.
Twitter Inc (TWTR) shares plummeted approximately 6.5% on Monday.
Bitcoin recorded large swings on Monday and settled 7.19% lower at $35,476.0. During the day trading session, BTC/USD tested an intraday high of 38,226.0 and an intraday low of 31,842.0, respectively. Many crypto analysts already predicted that there is a bubble in Bitcoin.
Commodity News*
Gold contract recorded large swings on Monday as it started the session at $1,849.40/oz, tested an intraday high and low of 1856.0/oz and $1,817.10/oz and finally settled 0.34% higher at $1,850.80/oz.
Crude WTI Futures closed slightly lower at $52.25/bbl against $52.31/bbl on Sunday. Brent Oil contract closes 0.45% lower at $55.66/bbl.
Forex News*
US Dollar Index continued it displaying strengthen for the fourth consecutive day against a basket of majors, up 0.425% to 90.442.
Canadian Dollar weakness against the US greenback continued for the second straight day and declined 0.47% to 0.7820.
*All details after markets close on January 11, 2021
