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The broader indices of the Toronto Stock Exchange ended in green for the second straight day. The S&P/TSX Composite Index traded 32.47 points or 0.18% higher at 18,416.74 on Monday. The rally was supported by strength in the energy stocks followed by Metals and Mining stocks. The TSX Energy index surged 5.01% to 112.43 and the TSX Metals and Mining sector index moved 1.96% to 173.09.
However, five out of eight constituent sectors of the TSX traded in red. Healthcare and Information technology indices were the biggest losers, down 3.1% and 2.02%, respectively.
Other broader indices also traded in green with S&P/TSX 60 trading 0.13% higher at 1,094.24, the S&P/TSX Midcap index traded 0.36% higher at 1,139.55.
50-day TSX Composite Index Price Chart (as on February 22nd, 2021). Source: EODHD/Others (Thomson Reuters)
MEG Energy Corp, Vermilion Energy Inc and New Gold Inc were among the major gainers on TSX Composite in the Monday trading session and moved up by 13.4%, 13.4% and 13%, respectively. On the other side, Ballard Power Systems Inc, Boralex Inc and Aphria Inc were among the top laggards on the broader index and declined by 5.8%, 4.9% and 4.7%, respectively.
Suncor Energy Inc., Nevada Copper Corp., and Zenabis Global Inc. were the most actively traded stocks on the TSX from volume standpoint.
On Wall Street: The Nasdaq Composite, globally tracked by investors and traders to gauge strength in the global tech stocks, plummeted by 2.46% or 341.4 points to 13,533.05. The S&P 500 index doffed 0.77% or 30.21 points lower at 3,876.50. The Dow Jones Industrials settled slightly higher by 0.9% or 27.37 points to 31,521.69.
Energy prices recorded big jump on Monday, Crude WTI surged 3.80% to US$61.49/bbl and the international crude oil benchmark Brent surged 3.7% to US$65.24/bbl.
Gold Contract for April extended gains for the third straight day, added 1.74% to $1,808.40/oz. Moreover, gold reclaimed its $18,000/oz mark on Monday.
Yields on the Canada 10-Year Bond continued to move up for third consecutive day and surged 1.61% to 1.232% respectively.
