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TSX Market Update 2023-08-31

360MiQ 0

SP/TSX slightly fell -0.2% (-37.4 pts) after a 4-day winning streak, closed at 20293 points, fell -1.6% (-334 pts) for the month.

Among the 150 largest-cap stocks, 51 (34%) closed higher. 42% of all TSX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -1.2% to 4.3%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Technology was up 4.3%, the best performer, reflecting an increasing risk appetite; Utilities was down -1.2%, the worst performer.

● Shopify (SHOP) jumped 10.7% (+$8.68), closed at $89.89, rose 5 days in a row, the best % gain in nearly 4 months, also a 29-day high, rose 0.9% (+$0.81) for the month, crossed above MA50 ($82.13). The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=SHOP.TO

● Parkland (PKI) largely retreated -4.5% (-$1.68) after a 5-day winning streak, closed at $35.75, the worst % loss in nearly 10 months, fell -0.7% (-$0.26) for the month, crossed below MA20 ($36.45). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=PKI.TO

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

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