The rally in the equities markets in Canada came to a halt on Wednesday, October 19. The main equity index- S&P/TSX Composite, closed at 18,674.4 points after it fell by 0.66 per cent.
Only the energy sector stayed in the green (+3.01 per cent), and other sectors like health care and utility were significantly down by 4.64 per cent and 1.84 per cent.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (October 20). Analysis by © 2022 Kalkine Media®
Volume Active
Enbridge Inc. (TSX:ENB) had a trading volume of 11.07 million, and it topped the volume active list on the TSX on October 19. Meanwhile, the Bank of Nova Scotia (TSX:BNS) stayed in the second spot with a volume of 5.89 million shares.
On Wednesday, 4.98 million shares of Suncor Energy Inc. (TSX:SU) exchanged hands on the TSX, and it was the third-most active stock.
Wall Street update
The stock markets in the US also experienced a sell-off as the NASDAQ Composite declined by 0.85 per cent to close at 10,680.51 points.
Also, the NYSE Composite fell 1.007 per cent and settled at 13,947.26 points.
Commodities
The crude oil prices increased on October 19, and the Brent Oil Futures were up 2.64 per cent to US$ 92.41 per barrel. Meanwhile, the WTI Futures increased by 3.3 per cent to US$ 85.55 a barrel.
The prices of gold were down as Gold Futures decreased by 1.3 per cent to US$ 1,634.2 per troy ounce.
Currency news
The CAD/USD decreased by 0.19 per cent and was at 0.7263.