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TSX Market Update 2022-01-21

360MiQ 0

SP/TSX largely fell -2.1% (-437 pts), closed at 20621 points, fell 4 days in a row, the worst % loss in more than 1 month, also a 20-day low, fell -3.5% (-737 pts) for the week.

Among the 150 largest-cap stocks, 19 (13%) closed higher. Only 15% of all TSX stocks ended higher, the least for nearly 15 months.

In terms of sectors, all sectors were down with losses from -0.1% to -7.2%. 8 sectors outperformed the market. The market was down -2.1%; Utilities was down -0.1%, but already the best performer, reflecting a more risk-averse market; Technology plunged -7.2%, the worst performer.

● Crombie Real Estate Investment Trust (CRR-UN) largely fell -3.3% (-$0.6), closed at $17.4, fell 3 days in a row, the worst % loss in nearly 2 months, also a 31-day low, fell -3.6% (-$0.65) for the week, crossed below MA50 and MA200 ($17.94, $17.49). The largest increase in volume today.
360miq.com/stockinfo?code=CRR-UN.TO

● Shopify (SHOP) tanked -13.4% (-$171.79), closed at $1110.4, fell 4 days in a row, the worst % loss in more than 14 months, also a 399-day low, fell -19.7% (-$271.67) for the week, fell 4 weeks in a row. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=SHOP.TO

360miq.com/market?data=TSX#tab-3

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