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TSX Market Update 2022-08-26

360MiQ 0

SP/TSX fell -1.5% (-299 pts) after a 3-day winning streak, closed at 19873 points, the worst % loss in more than 2 months, fell -1.2% (-238 pts) for the week, fell 2 weeks in a row, crossed below MA20 (19914 pts).

Among the 150 largest-cap stocks, 10 (7%) closed higher. Only 26% of all TSX stocks ended higher.

In terms of sectors, all sectors were down with losses from -0.7% to -4.2%. 5 sectors outperformed the market. The market was down -1.6%; Utilities was down -0.7%, but already the best performer, reflecting a more conservative market sentiment; Technology was down -4.2%, the worst performer.

● Advantage Energy (AAV) largely rebounded 3.3% (+$0.38), closed at $11.93, hit a record high, rose 3.1% (+$0.36) for the week, rose 3 weeks in a row. The best performer today but with average volume.
360miq.com/stockinfo?code=AAV.TO

● Open Text (OTEX) plunged -13.7% (-$6.6), closed at $41.54, fell 8 days in a row, hit a YTD low, fell -16.3% (-$8.09) for the week, fell 2 weeks in a row. The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=OTEX.TO

● Nuvei (NVEI) tanked -7.6% (-$3.3) after a 4-day winning streak, closed at $39.93, hit a record low, fell -5% (-$2.09) for the week, fell 3 weeks in a row.
360miq.com/stockinfo?code=NVEI.TO

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

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