Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

TSX Leads off Week with Wins

Published 2024-05-27, 12:33 p/m
© Reuters.  TSX Leads off Week with Wins

Baystreet.ca - On a day of light trading, as markets south of the border took a day off, stocks in Toronto carved out small gains for themselves Monday, mostly in resource and consumer sectors. The S&P/TSX Composite Index moved up 52.51 points to close Monday at 22,373.38.

The Canadian dollar hiked 0.2 cents at 73.35 cents U.S. Osisko Mining (TSX:OSK) grabbed ahold of 12 cents, or 4.1%, to $3.07, while Pan American (TSX:PAAS) Silver added $1.12, or 3.9%, to $29.87. In the gold sector, New Gold (TSX:NGD) improved nine cents, or 3.4%, to $2.78, while B2Gold (NYSE:BTG) obtained 16 cents, or 4.3%, to $3.91.

Consumer discretionary stocks were also in the plus column, thanks in part to Canada Goose (TSX:GOOS) Holdings, flying 29 cents, or 1.5%, to $19.41, while Magna International (TSX:MG) picked up 71 cents, or 1.2%, to $62.68. Health-care stocks weighed on the market, though, with Bausch Health (TSX:BHC) Companies off 20 cents, or 2.3%, to $8.51, while Chartwell Retirement (TSX:CSH_u) Residences dipped 10 cents to $12.42.

Tech issues took a few blows, especially Constellation Software (TSX:CSU), tumbling $94.97, or 2.5%, to $3,723.03, while Dye & Durham lost 20 cents, or 1.6%, to $12.40. Consumer staples also had a rough time of it, with George Weston (TSX:WN) falling $1.81 to $193.77, while Metro (TSX:MRU) dished off 60 cents to $73.96.

Investors braced for Canada's producer prices data for the month of April, due Tuesday, along with country's first-quarter GDP figures, scheduled for Friday.In Japan, the Nikkei 225 tacked on 0.7%, while in Hong Kong, the Hang Seng index gained 1.2%. Oil prices regained 83 cents to $78.55 U.S. a barrel. Gold prices brightened $18.00 to $2,352.50 U.S. an ounce.

ON BAYSTREET The TSX Venture Exchange fell 1.54 points to conclude Monday trading at 606.41. Eight of the 12 subgroups were positive, led by materials, up 1.1%, while consumer discretionary stocks improved 0.7%, and gold climbed 0.6%. The four laggards were weighed most by health-care, down 0.8%, information technology, down 0.4%, and consumer staples slid 0.2%.

ON WALLSTREET American markets were closed Monday for Memorial Day

This content was originally published on Baystreet.ca

Latest comments

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.