TSX Rises Nearly 1%, Ends At 2-week High

RTTNews | 40 hari yang lalu

(RTTNews) - After struggling for support till around noon, Canadian stocks climbed higher and lifted the benchmark S&P/TSX Composite Index to a near 2-week high on Wednesday. The mood in the market turned a bit bullish amid easing concerns about inflation in the U.S.

The S&P/TSX Composite Index ended up 208.08 points or 0.9% at 23,211.17.

Consumer discretionary and technology stocks posted strong gains, contributing substantially to market's rise. Several stocks from industrials, healthcare, financials and utilities sectors too closed on a firm note.

The Consumer Discretionary Capped Index climbed 3.67%. Dollarama Inc (DOL.TO) rallied 8.2%. Dollarama reported Wednesday that net earnings for the second quarter increased to $285.94 million or $1.02 per share from $245.76 million or $0.86 per share in the prior-year quarter.

Brp Inc (DOO.TO) and Restaurant Brands International (QSR.TO) gained 4.6% and 3.25%, respectively. Mty Food Group (MTY.TO) gained 2.2%, while Gildan Activewear (GIL.TO), Canadian Tire Corp (CTC.A.TO), Linamar Corp (LNR.TO), Magna International (MG.TO), Canada Goose Holdings (GOOS.TO) and Aritzia Inc (ATZ.TO) ended higher by 1.2 to 1.7%.

The Information Technology Capped Index gained 1.59%. Shopify Inc (SHOP.TO) climbed 4.65% and Celestica Inc (CLS.TO) ended nearly 4% up. Quarterhill (QTRH.TO), Computer Modelling (CMG.TO), Lightspeed Commerce (LSPD.TO), Converge Technology Solutions (CTS.TO), BlackBerry (BB.TO) and Sylogist (SYZ.TO) gained 1 to 3.2%.

Among other major gainers, First Majestic Silver Corp (AG.TO) and First Quantum Minerals (FM.TO) jumped 7.5% and 6.6%, respectively. Cameco Corporation (CCO.TO) climbed 5.8%. TFI International (TFII.TO), National Bank of Canada (NA.TO), TerraVest Industries (TVK.TO) and Canadian Pacific Kansas City (CP.TO) closed higher by 2 to 2.6%. Cargojet (CJT.TO) ended nearly 2% up.

Data from the Labor Department showed U.S. consumer price index rose by 0.2% in August, matching the uptick seen in July as well as economist estimates.

However, core consumer prices, which exclude food and energy prices, climbed by 0.3% in August after rising by 0.2% in July. Economists had expected core prices to rise by another 0.2%.

The Federal Reserve is still likely to lower interest rates next week, but the bigger than expected increase by core consumer prices is seen as reducing the chances the central bank lowers rates by 50 basis points.

Following the report, CME Group's FedWatch Tool is indicating an 83% chance of a quarter point rate cut and just a 17% percent chance of a half-point rate cut.

Malaysia Bourse May Extend Monday's Losses

The Malaysia stock market on Monday ended the two-day winning streak in which it had picked up almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,645-point plateau and the losses may accelerate on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The KLCI finished barely lower on Monday following mixed performances from the financial shares, property stocks, industrials and telecoms. For the day, the index eased 0.31 points or 0.02 percent to finish at 1,645.68 after trading between 1,642.52 and 1,648.05. Among the actives, Celcomdigi slumped 0.83 percent, while CIMB Group collected 0.61 percent, Genting added 0.49 percent, IHH Healthcare perked 0.14 percent, Kuala Lumpur Kepong retreated 0.94 percent, Maxis dropped 0.54 percent, MISC increased 0.52 percent, MRDIY tumbled 1.36 percent, Nestle Malaysia tanked 1.64 percent, Petronas Chemicals jumped 1.07 percent, Petronas Dagangan rallied 2.23 percent, Petronas Gas climbed 0.91 percent, PPB Group improved 0.70 percent, Press Metal advanced 0.83 percent, RHB Bank fell 0.16 percent, Sime Darby sank 0.41 percent, SD Guthrie gained 0.21 percent, Sunway lost 0.22 percent, Telekom Malaysia rose 0.15 percent, Tenaga Nasional shed 0.27 percent, YTL Corporation plummeted 3.03 percent, YTL Power plunged 2.56 percent and Axiata, Public Bank, QL Resources, Genting Malaysia, IOI Corporation and Maybank were unchanged.

RTTNews | 4j 15min yang lalu

South Korea Bourse May Hand Back Monday's Gains

The South Korea stock market on Monday snapped the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,600-point plateau although it may see renewed selling pressure on Tuesday. The global forecast for the Asian markets is negative with profit taking likely for many of the regions. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead. The KOSPI finished modestly higher on Monday following gains from the chemical companies and a mixed performance from the financials and technology stocks. For the day, the index added 11.1 points or 0.43 percent to finish at 2,604.92 after trading between 2,594.05 and 2,618.71. Volume was 235.86 million shares worth 7.6 trillion won. There were 434 gainers and 427 decliners. Among the actives, Shinhan Financial retreated 1.24 percent, while KB Financial dropped 0.95 percent, Hana Financial skidded 1.07 percent, Samsung Electronics fell 0.34 percent, Samsung SDI rallied 1.36 percent, LG Electronics dipped 0.10 percent, SK Hynix jumped 1.92 percent, LG Chem added 0.61 percent, Lotte Chemical spiked 2.79 percent, SK Innovation accelerated 2.05 percent, POSCO shed 0.43 percent, SK Telecom perked 0.18 percent, KEPCO advanced 0.95 percent, Hyundai Mobis was down 0.20 percent, Hyundai Motor climbed 1.07 percent, Kia Motors eased 0.11 percent and Naver was unchanged.

RTTNews | 4j 45min yang lalu

TSX Turns Weak After Hitting New High, Ends 0.4% Down

The Canadian market rose to a new record high Monday morning, but retreated soon and stayed weak right through the session as investors turned cautious ahead of earnings updates and some key economic events, including the Bank of Canada's monetary policy meeting due this week.

RTTNews | 5j 53min yang lalu

New Zealand Trade Data Due On Tuesday

New Zealand will on Tuesday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 6j 15min yang lalu

ECB's Kazimir Says All Options Remain On Table For December

The European Central Bank could have waited till December to lower interest rates, but the economic data since the September policy session signaled a shift in risks to inflation to the downside, and thus policymakers opted for a rate cut this month, Governing Council member Peter Kazimir said on Monday.

RTTNews | 6j 52min yang lalu

EURUSD	1.08155	GBPUSD	1.29825	AUDUSD	0.6655
USDJPY	150.677	USDCAD	1.38338	USDCHF	0.86564

TSX Rises Nearly 1%, Ends At 2-week High

Malaysia Bourse May Extend Monday's Losses

South Korea Bourse May Hand Back Monday's Gains

TSX Turns Weak After Hitting New High, Ends 0.4% Down

New Zealand Trade Data Due On Tuesday

ECB's Kazimir Says All Options Remain On Table For December

Dollar Rises Against Major Counterparts

Canadian Market Moderately Lower In Cautious Trade

Swiss Market Ends Moderately Lower