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TSX Market Update 2022-09-23

360MiQ 0

SP/TSX sank -2.7% (-522 pts), closed at 18481 points, fell 4 days in a row, the worst % loss in 3 months, also a 47-day low, fell -4.7% (-905 pts) for the week, fell 2 weeks in a row.

Among the 150 largest-cap stocks, 5 (3%) closed higher. Only 13% of all TSX stocks ended higher, the least for more than 3 months.

In terms of sectors, all sectors were down with losses from -0.2% to -6.6%. 9 sectors outperformed the market. Dragging by Energy and Basic Materials, The market was down -2.8%; Technology was down -0.2%, but already the best performer; Energy tanked -6.6%, the worst performer.

● NuVista Energy (NVA) tanked -13.8% (-$1.56), closed at $9.77, the worst % loss in more than 27 months, fell -11.7% (-$1.29) for the week, crossed below MA20, MA50 and MA200 ($10.75, $10.57, $10.1). The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=NVA.TO

● CI Financial Corp (CIX) plummeted -5.7% (-$0.81), closed at $13.46, fell 4 days in a row, the worst % loss in nearly 23 months, also a 48-day low, fell -10% (-$1.5) for the week, fell 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=CIX.TO

● MEG Energy Corp (MEG) tanked -10.4% (-$1.74), closed at $15.07, fell 4 days in a row, the worst % loss in more than 2 months, also a 34-day low, fell -16.4% (-$2.95) for the week.
360miq.com/stockinfo?code=MEG.TO

● Birchcliff Energy (BIR) tanked -9.1% (-$0.96), closed at $9.55, fell 7 days in a row, the worst % loss in 27 months, also a 31-day low, fell -14.2% (-$1.58) for the week, fell 4 weeks in a row, crossed below MA50 ($10.42).
360miq.com/stockinfo?code=BIR.TO

● Teck Resources (TECK-A) tanked -7.6% (-$3.25), closed at $39.75, fell 3 days in a row, the worst % loss in 3 months, also a 32-day low, fell -9.7% (-$4.25) for the week, fell 2 weeks in a row, crossed below MA50 ($42.3).
360miq.com/stockinfo?code=TECK-A.TO

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

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