TSX Up 0.49%; Metals and Mining, Tech Stocks Biggest Gainers

2 min read | December 17, 2020 02:28 PM PST | By Team Kalkine Media

Benchmark Equity Index of Canada, the S&P/TSX Composite Index, settled higher for the third consecutive day and added ~86 points or 0.49% to 17,567.42 on Thursday, December 17. The index featured a dividend yield of 3.39% and traded at a Price-to-Earnings (P/E) ratio of 19.64x at the close.

Biggest gainers were metals and mining (up 1.95%), followed by Information Technology (up 1.54%), and industrials (up 059%). Healthcare sector was the biggest loser (down 1.81%), followed by Telecom (down 0.49 %), and Financials (010.%). Five out eight TSX sectors were up on Thursday.

S&P/TSX Composite 5-day Price Chart (as on December 17, 2020); Source: EODHD/Others (Thomson Reuters)

 

Stocks to Watch*

 

  • Top Gainers: Mountain Province Diamonds Inc. (up 46.8%), Prairie Provident Resources Inc.  (up 33.3%), and Haivision Systems Inc. (up 72.50%), respectively.
  • Top Losers: Aurinia Pharmaceuticals Inc. (down 14.81%), Xanadu Mines Ltd. (down 14.28%), Roots Corporation (down 7.75%) respectively.
  • Volume Leaders: Suncor Energy Inc, Enbridge Inc. and Manulife Financial Corporation

 

On Wall Street: Stocks on Wall Street ended in mix with the S&P 500 index up 6.55 points to 3,701.17 and the Nasdaq up 63.13 points at 12,658.19. The NYSE touched 14,516, up 107.8 points. Bitcoin hit another record high of $23,586.91.

 

Commodity News*

 

The American Oil benchmark, West Texas Intermediate (WTI) crude increased 1.13% to US$48.36/bbl. While Brent Oil Futures added 0.82% to US$ 51.50/bbl.

Gold January contract increased 1.68% to US$ 1,890.40/oz.

Canadian Dollar gained ground against its US counterpart, up 0.20% to 0.7860 on Thursday.

 

*All details on Thursday, December 17, after markets close.


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