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TSX Market Update 2023-07-28

360MiQ 0

SP/TSX rose 0.7% (+133 pts), closed at 20519 points, fell -0.1% (-29 pts) for the week after a 2-week winning streak.

Among the 150 largest-cap stocks, 107 (71%) closed higher. 67% of all TSX stocks ended higher, good for the market.

In terms of sectors, 7 sectors closed up, 4 sectors closed down, 1 sector remained unchanged, ranging from -0.7% to 2.3%. 5 sectors outperformed the market. The market was up 0.7%; Technology was up 2.3%, the best performer, reflecting a more aggressive market sentiment; Utilities was down -0.7%, the worst performer.

● Ovintiv (OVV) soared 5.1% (+$2.92), closed at $59.74, the best % gain in nearly 4 months, also a 100-day high, rose 7.2% (+$4.01) for the week, rose 3 weeks in a row, crossed above MA200 ($58.6). The largest increase in volume today.
360miq.com/stockinfo?code=OVV.TO

● Celestica (CLS) surged 15.1% (+$3.6), closed at $27.37, the best % gain in 9 months, also hit a record high, rose 28.8% (+$6.12) for the week, rose 7 weeks in a row. The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=CLS.TO

● Baytex Energy Corp (BTE) spiked 9.2% (+$0.45), closed at $5.32, the best % gain in 13 months, also a 70-day high, rose 11.3% (+$0.54) for the week, rose 5 weeks in a row.
360miq.com/stockinfo?code=BTE.TO

● TC Energy (TRP) tanked -4.3% (-$2.05), closed at $45.25, hit a YTD low, fell -13.4% (-$6.98) for the week. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=TRP.TO

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

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