Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

At Close: Today's TSX Market Movers, Thursday May 19

Stock Markets May 19, 2022 16:27
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Ketki Saxena 

Investing.com -- At the close in Toronto, the S&P/TSX Composite Index was at 20,181.92 points, up +0.40% in the day’s trading, as the Canadian benchmark’s commodities tilt helped lift the index relative to U.S. counterparts. 

The energy sector was supported by the price of crude (1.91%) rebounded as China, the world’s largest importer of crude, plans to ease Covid restrictions in Shanghai. Crude was also supported by bullish U.S. consumption and inventory data released yesterday, however, further gains were capped by reports that president Joe Biden may meet Saudi Arabia’s crown prince, in an effort to reiterate the U.S. requests for more OPEC supply. 

The materials subindex also continued to be supported by the China reopening and an expected rebound in industrial metals. Materials was also supported by the price of gold, up 1.34% at time of writing, as bond yields retreated and the U.S. dollar weakened, boosting demand for bullion as a safe haven. 

Barrick Gold (NYSE:GOLD) (+4.33%), Enbridge (TSX:ENB) (-0.14%), and Manulife (TSX:MFC) (-0.44%) were amongst the most traded stocks on the TSX today. 

ATS Automation (+11.94%) and Lightspeed Commerce (TSX:LSPD) (+10.11%) were the most traded stocks following earnings calls earlier today, as well as Fortuna Silver (TSX:FVI) (+9.85%). The biggest losers on the TSX today included BRP Inc (TSX:DOO) (-5.52%), Cascades (TSX:CAS) Inc (-4.32%), Celestica Inc (-4.14%), Primo Water (TSX:PRMW) (-3.68%), and Brookfield Business (TSX:BBUC) (-2.93%).

In New York, the S&P 500 was down 0.56%, the Dow Jones was 0.75% lower, and the Nasdaq was 0.28% lower at the close. 

The VIX - the Wall Street Fear Guage - was down 4.69% at 29.52 points. 

In Bond and Currencies: Yields retreated today, with the Canadian 5 year bond at 2.790%, and yields on the 10 year at 2.902%. Yields on the U.S. 10 years were lower at 2.852%. 

The USD/CAD pair was -0.95% at C$1.2813 to a greenback, as the USD retreated following substantial gains in the previous session, and as the loonie was supported by crude. With the USD Index at $102.82, the dollar still remains strong against a basket of currencies with risk sentiment keeping the safe haven in demand. 

 

At Close: Today's TSX Market Movers, Thursday May 19
 

Related Articles

TFSA Dividend Income: 2 TSX Stocks to Buy on the Dip
TFSA Dividend Income: 2 TSX Stocks to Buy on the Dip By The Motley Fool - Jun 27, 2022

The market correction is providing TFSA investors seeking passive income with another great opportunity to buy top TSX dividend stocks at undervalued prices. Emera Emera...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email