Canadian Shares Turning In Mixed Performance In Cautious Trade

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Canadian Shares Turning In Mixed Performance In Cautious Trade

(RTTNews) - Canadian shares are turning in a mixed performance on Monday with investors largely making cautious moves as they look for directional clues.

Energy and materials shares are down, tracking weak commodity prices. A few stocks from consumer discretionary, financial and technology sectors are up with notable gains.

The benchmark S&P/TSX Composite Index is down 6.91 points or 0.03% at 20,574.67 a few minutes before noon.

The Energy Capped Index is down 1.22%. Secure Energy Services Inc (SES.TO) shares are down as much as 18.3%. Peyto Exploration (PEY.TO), Birchcliff Energy (BIR.TO), Advantage Oil & Gas (AAV.TO) and Tourmaline Oil Corp (TOU.TO) are down 2 to 3%.

Filo Mining Corp (FIL.TO), Algoma Steel Group (ASTL.TO), Methanex Corp (MX.TO), Capstone Mining Corp (CS.TO), Fortuna Silver Mines Inc (FVI.TO), Osisko Mining Inc (OSK.TO), Centerra Gold Inc (CG.TO), Stelco Holdings (STLC.TO) and Nutrien (NTR.TO) are down 2 to 4%.

Technology stock Hut 8 Mining Corp (HUT.TO) is rising nearly 5%. Enghouse Systems (ENGH.TO), Alithya Group (ALYA.TO), Tecsys Inc (TCS.TO), Shopify Inc (SHOP.TO) and Open Text Corp (OTEX.TO) are gaining 1 to 2%.

Cargojet Inc. (CJT.TO) shares are down nearly 10% after the company reported fourth-quarter net income of $2.6 million (net income of $14.1 million excluding warrant valuation loss) compared to net gain of $102.0 million in 2021 (net income of $33.4 million excluding warrant valuation gain).

Consumer discretionary stocks Aritzia Inc (ATZ.TO) and Linamar Corp (LNR.TO) are up 2% and 1.3%, respectively.

On the economic front, the Ivey Purchasing Managers Index in Canada fell to 51.6 in February of 2023 from an eight-month high of 60.1 in the prior month.

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Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is significantly lower in post-holiday trading on Tuesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling below the 38,400 level, with weakness across most sectors led by index heavyweights and technology stocks.
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Hong Kong Shares Tipped To Open In The Red

Hong Kong Shares Tipped To Open In The Red

The Hong Kong stock market turned lower again on Monday, one session after ending the two-day slide in which it had dropped almost 470 points or 2.1 percent. The Hang Seng Index now sits just above the 23,340-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The Hang Seng finished modestly lower on Monday as losses from the technology and financial shares were offset by support from the property sector. For the day, the index slumped 136.31 points or 0.58 percent to finish at 23,341.61 after trading between 23,221.57 and 23,688.45. Among the actives, Alibaba Group slumped 2.02 percent, while Alibaba Health Info plunged 5.13 percent, ANTA Sports accelerated 3.84 percent, China Life Insurance rallied 3.82 percent, China Mengniu Dairy soared 4.69 percent, China Resources Land increased 1.80 percent, CITIC perked 0.11 percent, CNOOC tumbled 2.27 percent, CSPC Pharmaceutical gained 1.00 percent, Galaxy Entertainment spiked 4.41 percent, Haier Smart Home strengthened 3.00 percent, Hang Lung Properties improved 2.20 percent, Henderson Land added 1.70 percent, Hong Kong & China Gas rose 0.99 percent, Industrial and Commercial Bank of China sank 0.36 percent, JD.com fell 0.31 percent, Lenovo tanked 4.56 percent, Li Auto stumbled 2.93 percent, Li Ning jumped 3.02 percent, Meituan advanced 2.21 percent, New World Development surged 6.77 percent, Nongfu Spring climbed 2.37 percent, Techtronic Industries retreated 1.55 percent, Xiaomi Corporation dipped 0.19 percent and WuXi Biologics plummeted 9.04 percent. The lead from Wall Street is soft as the major averages opened higher on Monday but faded quickly and finished mixed.
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Australian Market Significantly Lower

Australian Market Significantly Lower

The Australian stock market is significantly lower on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by mining and technology stocks.
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Lower Open Anticipated For China Stock Market

Lower Open Anticipated For China Stock Market

The China stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had advanced more than 20 points or 0.6 percent. The Shanghai Composite Index now rests just beneath the 3,375-point plateau and the losses may accelerate on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The SCI finished slightly lower on Monday as losses from the financials and oil companies were mitigated by support from the property sector. For the day, the index dipped 6.09 points or 0.18 percent to finish at 3,373.03 after trading between 3,355.87 and 3,384.81. The Shenzhen Composite Index perked 2.65 points or 0.13 percent to end at 2,091.46. Among the actives, Industrial and Commercial Bank of China shed 0.58 percent, while Bank of China dropped 0.92 percent, China Construction Bank lost 0.69 percent, China Merchants Bank fell 0.31 percent, Agricultural Bank of China sank 0.77 percent, China Life Insurance collected 0.63 percent, Ping An dipped 0.19 percent, Jiangxi Copper eased 0.10 percent, Aluminum Corp of China (Chalco) slid 0.13 percent, Yankuang Energy jumped 1.84 percent, PetroChina skidded 1.13 percent, China Petroleum and Chemical (Sinopec) slumped 0.51 percent, Huaneng Power slipped 0.15 percent, China Shenhua Energy climbed 1.07 percent, Gemdale rallied 2.19 percent, Poly Developments spiked 1.83 percent and China Vanke soared 2.62 percent.
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Soft Start Predicted For Taiwan Stock Market

Soft Start Predicted For Taiwan Stock Market

The Taiwan stock market headed south again on Monday, one session after snapping the two-day losing streak in which it had dropped almost 180 points or 0.8 percent. The Taiwan Stock Exchange now rests just above the 23,565-point plateau and it's expected to open in the red again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure.
RTTNews | 5h 59minuter sedan
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had risen almost 60 points or 1.4 percent. The Straits Times Index now sits just beneath the 3,930-point plateau and it's predicted to open to the downside again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The STI finished slightly lower on Monday following losses from the financial shares and industrial issues, while the property stocks were mixed. For the day, the index eased 2.19 points or 0.06 percent to finish at 3,927.75 after trading between 3,923.28 and 3,951.64. Among the actives, CapitaLand Investment jumped 2.45 percent, City Developments rallied 2.59 percent, DBS Group dropped 0.58 percent, Hongkong Land dipped 0.22 percent, Keppel DC REIT added 0.47 percent, Keppel Ltd sank 0.29 percent, Mapletree Pan Asia Commercial Trust climbed 1.72 percent, Mapletree Industrial Trust strengthened 2.00 percent, Mapletree Logistics Trust and Jardine Cycle both advanced 0.83 percent, Oversea-Chinese Banking Corporation fell 0.23 percent, SATS plunged 3.33 percent, Seatrium Limited tanked 2.10 percent, SembCorp Industries accelerated 2.61 percent, Singapore Technologies Engineering rose 0.20 percent, Thai Beverage spiked 3.00 percent, UOL Group surged 5.89 percent, Wilmar International soared 3.25 percent, Yangzijiang Shipbuilding plummeted 7.14 percent and CapitaLand Integrated Commercial Trust, Yangzijiang Financial, Frasers Logistics & Commercial Trust, Genting Singapore, SingTel, Emperador and Comfort DelGro were unchanged.
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Malaysia Shares Tipped To Open To The Downside On Tuesday

Malaysia Shares Tipped To Open To The Downside On Tuesday

The Malaysia stock market turned lower again on Monday, one session after snapping the two-day losing streak in which it had slipped more than 7 points or 0.4 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,585-point plateau and it's expected to open under pressure again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The KLCI finished modestly lower on Monday as losses from the financial shares and industrials were tempered by support from the plantation stocks. For the day, the index dipped 6.78 points or 0.43 percent to finish at 1,584.25 after trading between 1,577.95 and 1,586.39. Among the actives, 99 Speed Mart Retail gained 0.47 percent, while Axiata rallied 2.43 percent, Celcomdigi added 0.87 percent, CIMB Group rose 0.24 percent, Gamuda plunged 5.67 percent, IHH Healthcare eased 0.14 percent, IOI Corporation strengthened 1.59 percent, Kuala Lumpur Kepong jumped 2.00 percent, Maxis and Hong Leong Bank both advanced 1.17 percent, Maybank sank 0.19 percent, MISC accelerated 2.24 percent, MRDIY surged 3.38 percent, Nestle Malaysia and PPB Group both improved 1.10 percent, Petronas Chemicals plummeted 9.66 percent, Press Metal slumped 0.97 percent, Public Bank dropped 0.67 percent, QL Resources climbed 1.29 percent, Sime Darby soared 2.70 percent, SD Guthrie spiked 2.67 percent, Sunway stumbled 1.88 percent, Tenaga Nasional tanked 2.43 percent, YTL Corporation declined 1.53 percent, YTL Power retreated 1.55 percent and Telekom Malaysia and RHB Bank were unchanged.
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Renewed Consolidation Expected For Japan Stock Market

Renewed Consolidation Expected For Japan Stock Market

Ahead of Monday's holiday for the Emperor's birthday, the Japanese stock market had ended the two-day slide in which it had stumbled almost 600 points or 1.7 percent. The Nikkei 225 now rests just above the 38,775-point plateau although it figures to head south again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The Nikkei finished modestly higher on Friday following gains from the automobile producers, weakness from the financial shares and a mixed picture from the technology stocks. For the day, the index added 98.90 points or 0.26 percent to finish at 38,776.94 after trading between 38,456.53 and 38,808.81. Among the actives, Nissan Motor skyrocketed 9.47 percent, while Mazda Motor jumped 1.86 percent, Toyota Motor dipped 0.17 percent, Honda Motor advanced 0.99 percent, Softbank Group shed 0.65 percent, Mitsubishi UFJ Financial skidded 1.17 percent, Mizuho Financial tanked 2.48 percent, Sumitomo Mitsui Financial sank 0.82 percent, Sony Group spiked 2.17 percent, Panasonic Holdings strengthened 1.35 percent, Hitachi slumped 2.87 percent and Mitsubishi Electric was unchanged. The lead from Wall Street is soft as the major averages opened higher on Monday but faded quickly and finished mixed.
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