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TSX Market Update 2023-02-02

360MiQ 0

SP/TSX slightly fell -0.05% (-10.6 pts), closed at 20740 points.

Among the 150 largest-cap stocks, 68 (45%) closed higher. For 2 days in a row, SP/TSX fell but more than half of TSX stocks ended higher. Today, 63% of all TSX stocks rose against the index. The market is relatively strong.

In terms of sectors, 6 sectors closed up, 6 sectors closed down, ranging from -2.1% to 2.9%. 6 sectors outperformed the market. The market was down -0.2%; Technology was up 2.9%, the best performer, reflecting an increasing risk appetite; Basic Materials was down -2.1%, the worst performer.

● Shopify (SHOP) surged 6.9% (+$4.6), closed at $71.39, rose 3 days in a row, hit a YTD high. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=SHOP.TO

● First Quantum Minerals (FM) tumbled -6.8% (-$2.09), closed at $28.6, the worst % loss in more than 1 month, crossed below MA20 and MA50 ($30.44, $30.19). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=FM.TO

● Lightspeed Commerce (LSPD) largely retreated -6.1% (-$1.51), closed at $23.37, the worst % loss in nearly 3 months.
360miq.com/stockinfo?code=LSPD.TO

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

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