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The S&P/TSX Composite Index traded in green on Thursday and settled 0.13% higher at 17,958.09. The index registered an intraday high of 18,025.30 and a low of 17,974.24.
The Canadian market’s broad index closed above all its support levels of five-day, 10-day, 20-day, 30-day, 50-day and 200-day simple moving averages (SMAs). The Moving average convergence divergence (MACD) hovered above its nine-day signal line, with the difference between 12-day and 26-day exponential moving average (EMA) is positive.
At the close, the S&P/TSX Composite featured a dividend yield of 3.3% and traded at a Price/Earnings (P/E) ratio of 19.6x.
5-day Price Chart (as on January 14th, 2021). Source: EODHD/Others (Thomson Reuters)
Top Performers on TSX Composite: BlackBerry Ltd (up 21.3%), Aphria Inc (up 20.1%), and Crescent Point Energy Corp (up 8.9%), respectively.
Top Laggards on TSX Composite Ballard Power Systems Inc (down 5.9%), Real Matters Inc (down 4.7%), and Silvercrest Metals Inc (down 4.4%), respectively.
On Wall Street: All three benchmark indices of the United States traded in red with the Dow Jones Industrials traded 0.22% or 68.95 points lower at 30,991.52, the S&P 500 index traded 0.38% or 14.30 points lower at 3,795.54 and the technology dominated the Nasdaq Composite index traded 0.12% or 16.31 points lower at 13,112.64, respectively.
Commodity News*
Gold Contract pared some gains of the previous trading session and declined 0.19% to US$ 1,846.90/oz.
Crude WTI is up 1.25% to US$ 53.57 /bbl while Brent gained 0.64% to US$ 56.42/bbl.
Forex Update*
US Dollar Index down 0.13% to 90.21 vs 90.334 on Tuesday
Canadian Dollar strengthened against the US counterpart. CAD/USD pair traded 0.47% higher at 0.7912.
*All details after markets close on January 14, 2021.
