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TSX Market Update 2022-05-30

360MiQ 0

SP/TSX rose 0.8% (+170 pts), closed at 20919 points, rose 7 days in a row.

Among the 150 largest-cap stocks, 106 (71%) closed higher, 104 of them rose with a lower volume. 73% of all TSX stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.5% to 2.1%. 4 sectors outperformed the market. The market was up 0.9%; Technology was up 2.1%, the best performer, reflecting an increasing risk appetite; Utilities was down -0.5%, the worst performer.

● Parex Resources (PXT) largely rebounded 6.1% (+$1.63), closed at $28.38, the best % gain in more than 4 months, also a 56-day high. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=PXT.TO

● Boralex (BLX) largely retreated -4% (-$1.63) after a 3-day winning streak, closed at $39.14, the worst % loss in more than 1 month, crossed below MA50 ($39.15). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=BLX.TO

● Canadian Tire (CTC) largely fell -3.9% (-$15), closed at $372, fell 5 days in a row, crossed below MA20 ($378.5).
360miq.com/stockinfo?code=CTC.TO

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

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