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TSX Market Update 2024-02-09

360MiQ 0

SP/TSX rose 0.4% (+89.6 pts), closed at 21010 points, fell -0.4% (-75 pts) for the week, fell 2 weeks in a row, crossed above MA20 (20998 pts).

Among the 150 largest-cap stocks, 89 (59%) closed higher. 61% of all TSX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -0.6% to 2.2%. 5 sectors outperformed the market. The market was up 0.4%; Technology was up 2.2%, the best performer, reflecting an increasing risk appetite; Basic Materials was down -0.6%, the worst performer.

● Galaxy Digital Holdings (GLXY) soared 5.5% (+$0.62), closed at $11.81, rose 4 days in a row, hit a YTD high, rose 23.4% (+$2.24) for the week. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=GLXY.TO

● Magna International (MG) tumbled -6.7% (-$5.32) after a 4-day winning streak, closed at $73.58, the worst % loss in nearly 1 year, fell -4.1% (-$3.12) for the week after a 2-week winning streak, crossed below MA20, MA50 and MA200 ($75.51, $75.76, $73.89). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=MG.TO

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

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