After declining rapidly over the past few trading sessions, the equities markets in Canada gained momentum on Wednesday, September 28. The S&P/TSX Composite Index climbed by 1.86 per cent and closed at 18,648.92 points.
The gains came as the energy sector rose by 4.04 per cent, and the base metals sector recorded a surge of 3.5 per cent. Meanwhile, sectors like health care and information technology were up by 3.7 per cent and 2.86 per cent.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 29). Analysis by © 2022 Kalkine Media®
The Power Corporation of Canada (TSX: POW) became the most volume active stock as 8.6 million POW shares were traded on the TSX. Meanwhile, the Bank of Nova Scotia (TSX: BNS) recorded a volume of 8.54 million, and its price was up by 0.35 per cent at the end of the trading session.
Wall Street update
The equities markets in the United States stayed in the positive zone on September 28, and the NASDAQ Composite closed at 11,051.64 points after rising by 2.05 per cent.
Meanwhile, the NYSE Composite gained 2.15 per cent and settled at 13,833.18 points.
On September 28, the Gold Futures rose by 2.07 per cent to US$ 1,670 per troy ounce. In the crude oil sector, the prices rose as the WTI Futures increased by 4.65 per cent to US$ 82.15 per barrel.
The Brent Oil Futures increased by 3.75 per cent and closed at US$ 88.05 a barrel.
The CAD/USD was up by 0.84 per cent at 0.7348, and the CAD/EUR declined by 0.62 per cent to 0.7547.
Also, the US Dollar Index Futures were down by 1.35 per cent at 112.5.