TSX Up For Third Straight Day; Trillium Therapeutics & Lightspeed Top Gainers

2 min read | November 17, 2020 12:50 PM EST | By Team Kalkine Media

The leading index of the Toronto Stock Exchange, S&P/TSX Composite Index traded approximately 58 points or 0.34% higher at 16,948.06 on Tuesday. The index closed above its crucial long-term, short-term and immediate support level of 200-day, 100-day, 50-day, 30-day, 20-day, 10-day and 5-day simple moving averages (SMAs). The leading momentum index Moving Average Convergence Divergence (MACD) is extending, with the difference between 12-day and 26-day EMAs is positive.

At the close, the index was featuring a dividend yield of 3.45% and traded at a Price-to-Earnings multiple of 19.38x.

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

 

The TSX Venture composite index lost 4.41 points or 0.59% to close at 738.23 on Tuesday.

 

Stocks in Play*

 

Gainers: Trillium Therapeutics Inc (up 10.8%), Lightspeed POS Inc (up 4.9%), and Aphria Inc (up 4.3%) respectively.

Losers: CAE Inc (down 6.4%), New Gold Inc (down 3.3%), and MAG Silver Corp (down 3.1%) respectively.

Volume Leaders: NorZinc Ltd. Rights, Enbridge Inc., and Royal Bank of Canada.

On Wall Street: Global benchmark indexes of the United Stated traded in red, with the S&P 500 index losing 17.38 points or 0.48% to 3,609.53, the Dow Jones Industrial doffing 167.09 points or 0.56% lower to 29,783.35 and technology benchmark Nasdaq Composite index traded plunging 24.79 points or 0.21% lower at 11,889.34.

 

Commodity News*

 

The international oil benchmark Brent Futures traded 0.16% lower at $ 43.75/bbl and Crude WTI traded 0.22% higher at $ 41.43/bbl.

Gold Futures traded slightly lower by 0.14% to $ 1,885.10/oz.

 

Currency News*

 

The Canadian dollar weakened against its U.S. greenback in the November 17, 2020 session. At the close USD/CAD traded 0.23% higher at 1.3102.

The greenback extends the decline for the fourth consecutive day, with U.S Dollar Index traded 0.25% lower at 92.39s.

*All details as on November 17, 2020, after markets close.


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