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TSX Market Update 2024-05-06

360MiQ 0

SP/TSX rose +1.4% (+312 pts), closed at 22259 points, rose 4 days in a row, the best % gain in more than 2 months.

Among the 150 largest-cap stocks, 127 (85%) closed higher. 82% of all TSX stocks ended higher, the most in nearly 5 months, good for the market.

In terms of sectors, all sectors were up with gains from +0.2% to +2.7%. 4 sectors outperformed the market. The market was up +1.4%; Technology was up +2.7%, the best performer, reflecting an increasing risk appetite; Communication was up +0.2%, but already the worst performer.

● Bausch + Lomb (BLCO) largely rebounded +8.3% (+$1.51), closed at $19.76, the best % gain in more than 2 months. The best performer with a significant decrease in volume.
360miq.com/stockinfo?code=BLCO.TO

● China Gold International Resources Corp (CGG) soared +4.5% (+$0.36), closed at $8.3, the best % gain in 1 month, crossed above MA50 ($7.99). The largest increase in volume.
360miq.com/stockinfo?code=CGG.TO

● Bausch Health Companies (BHC) largely fell -3.8% (-$0.41), closed at $10.27, fell 5 days in a row, hit a YTD low. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=BHC.TO

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

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