Utilities & Consumer Cyclicals Pull Up TSX; Aritzia & Bausch Top Gainers

2 min read | October 16, 2020 01:28 PM AEDT | By Team Kalkine Media

Google News:

Utilities & Consumer Cyclicals Pull Up TSX; Aritzia & Bausch Top Gainers

Recent News

ASX Closes Higher as Broad Market Strength Returns

Perseus Mining’s Buyback Move Sparks Fresh Market Interest

Ingenia Communities Gains Attention After Strong Update

Gold and Rare Strength Lift ASX Momentum Again

Make Kalkine Media
My Trusted Source

After two consecutive days of losses, the broader index of the Toronto Stock Exchange traded 0.28% higher at 16,501.03 on Thursday. Utilities, consumer cyclicals, and industrials indices went up by 0.90%, 0.74% and 0.72% respectively.

The S&P/TSX Composite Index traded above its 10-day, 20-day, 30-day, 50-day, and 200-day simple moving averages (SMAs) but settled below its five-day SMA.

Sector Summary / Source: EODHD/Others, Thomson Reuters

Top Gainers: Aritzia Inc (up 13.13%), Bausch Health Companies Inc (up 4.18%) and ATS Automation Tooling Systems Inc (up 4.15%), respectively.

Top Losers: Aphria Inc (down 17.5%), Silvercorp Metals Inc (down 2.6%) and Pan American Silver Corp (down 1.99%), respectively.

The Moving Average Convergence Divergence (MACD) is rising and hovering above the nine-day SMA. The difference between 12-day and 26-day Exponential Moving Average is positive.

The 14-day and nine-day relative strength index (RSI) – the leading momentum indicator – hovered in a neutral zone and tilted towards the overbought zone.

S&P/TSX Composite Index Technical Chart. Source: EODHD/Others, Thomson Reuters

At the last closing, S&P/TSX Composite Index traded at a Price to Earnings (PE) multiple of 17.85x, featuring a dividend yield of 3.57%.

On Wall Street, the global benchmark indices traded in red, with the Dow Jones Industrials closing 0.07% lower at 28,494.20 and the S&P/ 500 index gave up 0.15% against the previous close and settled at 3,483.34. Technology benchmark index Nasdaq Composite index traded 0.47% lower at 11,713.87.

Commodities and Forex*

Gold Futures settled higher for the second consecutive day, up 0.08% to US$ 1,908.90/oz.

American Oil benchmark WTI Crude declined 0.19% to US$ 40.96/bbl and the international oil benchmark Brent Oil traded 0.37% lower at US$ 43.16/bbl.

USD/CAD traded 0.56% higher at 1.3219 and the US Dollar index up 0.53% to 93.684.

*After the market close (as on October 15, 2020)

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.