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TSX Market Update 2024-02-02

360MiQ 0

SP/TSX slightly fell -0.2% (-33.9 pts), closed at 21085 points, fell -0.2% (-40 pts) for the week.

Among the 150 largest-cap stocks, 49 (33%) closed higher. 44% of all TSX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -2.1% to 4.1%. 5 sectors outperformed the market, the market internal was more negative. The market was down -0.2%; Technology was up 4.1%, the best performer, reflecting an increasing risk appetite; Communication was down -2.1%, the worst performer.

● Galaxy Digital Holdings (GLXY) largely retreated -4.7% (-$0.47), closed at $9.57, fell -1.5% (-$0.15) for the week. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=GLXY.TO

● Teck Resources (TECK-A) fell -1.6% (-$0.87), closed at $53.32, fell -1.5% (-$0.82) for the week after a 2-week winning streak. The largest increase in volume today.
360miq.com/stockinfo?code=TECK-A.TO

● Shopify (SHOP) largely rebounded 8.7% (+$8.91) after a 3-day losing streak, closed at $111.61, the best % gain in 3 months, rose 1.8% (+$1.93) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($108.32, $103.34). The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=SHOP.TO

● Paramount Resources (POU) largely fell -4.2% (-$1.11), closed at $25.2, fell 6 days in a row, the worst % loss in nearly 3 months, also hit a YTD low, fell -6.4% (-$1.71) for the week, crossed below MA20 and MA50 ($25.98, $26.02).
360miq.com/stockinfo?code=POU.TO

● Canadian Natural Resources (CNQ) largely fell -3.4% (-$2.86), closed at $81.62, fell 3 days in a row, the worst % loss in more than 1 month, also hit a YTD low, fell -5.6% (-$4.88) for the week, is testing MA200 ($81.46).
360miq.com/stockinfo?code=CNQ.TO

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

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