By Ketki Saxena
Investing.com-- At 12:30 in Toronto, the S&P/TSX Composite Index was at 19,763.38 points, down 1.18% in the day’s trading as the sell off in equities continued following yesterday's rout.
Volatility in markets is being driven by concerns of economic slowdown motivated by a slew of factors, including aggressive monetary policy tightening across the globe, extended lockdowns in China, and the ongoing Russia-Ukraine crisis.
All TSX sectors in the red as of midday, with losses led by healthcare (-6.25%), energy (-2.40%), and tech (-1.99%).
The healthcare subindex was weighed down by Bausch Health (TSX:BHC) (-23.84%) the biggest loser on the TSX today following disappointing first-quarter results.
Tech stocks, traditionally the biggest losers in a rising yield environment, were also weighed down by Nuvei (TSX:NVEI) (-9.54%), despite the payments company beating expectation on earnings this morning.
The energy subindex meanwhile tracked the price of crude, down 3.13% today as the commodity continued to be pressured by the Shanghai lockdowns, concerns of economic slowdown, and a strengthening dollar.
Apart from Bausch Health and Nuvei, Trisura (TSX:TSU) (-8.42%), Dye & Durham Ltd (TSX:DND)(-6.65%), and Sprott Inc . (TSX:SII)(-6.03%) were the biggest losers on the TSX today.
The biggest gainers on the TSX today included Element Fleet Management Corp (TSX:EFN)(+13.05%), Cronos Group Inc (TSX:CRON)(+12.05%), and Ritchie Bros Auctioneers (TSX:RBA) (+9.73%), following recent earning calls. Summit Industrial Income REIT (TSX:SMU_u) (+3.28%) and MTY Food Group Inc (TSX:MTY)(+3.05%) were also amongst the biggest gainers.