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At Close: Today's TSX Market Movers

Stock MarketsMay 13, 2022 16:20
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© Reuters

By Ketki Saxena 

Investing.com – At the close in Toronto, the S&P/TSX Composite Index was at 20,099.81 points, up 2.03% in the day’s trading.  All TSX sectors were in the green at the call, as investors bought the dip in equities following the week’s rout.

Analysts, however, remain uncertain about the longevity of the rebound, as economic data, including from China, indicates a slowing global economy, while inflation data continues to stoke fears of aggressive rate hikes from major central banks. Bond yields also continue to surge. 

Tech staged the strongest rebound today after the recent aggressive sell-off in growth stocks. Canada’s commodity heavy index was also supported by the price of crude, up 4.00% today as China looks set to ease Covid-19 restrictions, and as escalating rhetoric between the EU and Russia raised further concerns of supply disruptions. 

The most traded stocks on the TSX today included Manulife (TSX:MFC) (+3.02%), Enbridge (TSX:ENB) (+1.76%), Cenovus (+4.42%), Suncor (TSX:SU) (+2.04%), and Crescent Point Energy (TSX:CPG) (+4.79%). 

The biggest gainers on the TSX today included Lightspeed (TSX:LSPD) (+31.31%), Aurora Cannabis (TSX:ACB) (+15.87%), and Badger Infrastructure (+15.01%). The biggest losers on the TSX included Canadian National Railway (TSX:CNR) (-1.48%), Oceana Gold (-1.12%), and Saputo (TSX:SAP) (-0.92%). 

In New York, the Dow Jones was .47% higher, the S&P500 was up 2.41%, and the tech-heavy Nasdaq was up 3.82%. 

In Bonds and Currencies

Bond yields continued higher today, with yields on the Canadian 5 year at 2.796%, and yields on the 10 year at 2.977%. Yields on the U.S. 10 year were at 2.937%. 

The USD/CAD pair was down 0.9% as the risk-on mood in equities contributed to a weakening of the safe-haven U.S. dollar.

At Close: Today's TSX Market Movers
 

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