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TSX Market Update 2022-01-31

360MiQ 0

SP/TSX largely rose 1.7% (+356 pts), closed at 21098 points, the best % gain in more than 1 month, fell -0.6% (-125 pts) for the month, crossed above MA20 and MA50 (21033 pts, 21042 pts).

Among the 150 largest-cap stocks, 133 (89%) closed higher. 76% of all TSX stocks ended higher, the most in nearly 2 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.2% to 6.9%. 4 sectors outperformed the market. The market was up 1.8%; Technology spiked 6.9%, the best performer, reflecting a more aggressive market sentiment; Communication was up 0.2%, but already the worst performer.

● Ballard Power Systems (BLDP) spiked 12.9% (+$1.51), closed at $13.26, the best % gain in more than 1 year, fell -16.6% (-$2.63) for the month. The best performer today but with average volume.
360miq.com/stockinfo?code=BLDP.TO

● Methanex (MX) largely fell -2.9% (-$1.72), closed at $57.83, rose 15.6% (+$7.79) for the month. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=MX.TO

● Innergex Renewable Energy (INE) surged 5.5% (+$0.97), closed at $18.65, the best % gain in more than 3 months, also hit a YTD high, rose 0.3% (+$0.05) for the month, crossed above MA50 ($18.2). The largest increase in volume today.
360miq.com/stockinfo?code=INE.TO

● Lightspeed Commerce (LSPD) spiked 11.8% (+$4.36), closed at $41.26, the best % gain in more than 8 months, fell -19.2% (-$9.82) for the month.
360miq.com/stockinfo?code=LSPD.TO

● Shopify (SHOP) surged 10.1% (+$112.97), closed at $1226.95, the best % gain in more than 2 months, fell -29.6% (-$514.74) for the month.
360miq.com/stockinfo?code=SHOP.TO

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

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