The Canadian benchmark index declined by 0.84 per cent on Thursday, September 16, and closed at 19,560.16 points. The S&P/TSX Composite Index fell as the energy and base metals sector declined significantly during the trading session.
The S&P/TSX Venture Composite decreased by 2.5 per cent. Since the start of 2022, markets have recorded massive fluctuations worldwide, and investors could find it difficult to manage their portfolios.
One-year price chart of TSX Composite Index along with SMA 20-day, SMA 30-day, SMA-50-day (September 15). Analysis by © 2022 Kalkine Media®).
Energy companies were hit on September 16. Canadian Natural Resources Limited (TSX: CNQ) was the most active stock as it experienced a sell-off and closed at C$ 71.57 per share after declining by 3.1 per cent from the previous close. Notably, the volume of the CNQ shares was 7.96 million.
Stocks of Suncor Energy Inc. and Crescent Point Energy Corp. also declined and recorded a volume of 6.2 million and 4.7 million, respectively.
Wall Street update
The US markets also declined on Thursday, and the NASDAQ Composite decreased by 1.4 per cent to 11,552.36 points. Meanwhile, the NYSE Composite was down by 0.8 per cent and closed at 14,722.03 points.
At US$ 1,673.55 per troy ounce, gold futures for December delivery were down 2.08 per cent. In the crude oil sector, the October delivery price dropped by 3.84 per cent, and the November Brent oil contract fell by 3.55 per cent to US$ 90.76 per barrel.
CAD/USD remained stable at 0.45 per cent, and CAD/EUR remained stable at 0.57 per cent, both at 0.76.