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TSX Market Update 2024-05-08

360MiQ 0

SP/TSX slightly fell -0.1% (-31.8 pts) after a 5-day winning streak, closed at 22259 points.

Among the 150 largest-cap stocks, 105 (70%) closed higher. 49% of all TSX stocks ended higher.

In terms of sectors, 8 sectors closed up, 3 sectors closed down, 1 sector remained unchanged, ranging from -7.4% to +1.2%. 9 sectors outperformed the market. The market was down -0.1%; Consumer Defensive was up +1.2%, the best performer, reflecting a decreasing risk appetite; Technology slumped -7.4%, the worst performer.

● E-L Financial (ELF) rose +1.1% (+$12), closed at $1120, rose 5 days in a row, hit a record high. The largest increase in volume.
360miq.com/stockinfo?code=ELF.TO

● Stella-Jones (SJ) largely rebounded +10.9% (+$7.94), closed at $80.61, the best % gain in more than 49 months, crossed above MA20, MA50 and MA200 ($79.08, $77.67, $74.15). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=SJ.TO

● Shopify (SHOP) sank -18.5% (-$19.59) after a 5-day winning streak, closed at $86.16, hit a YTD low, crossed below MA20, MA50 and MA200 ($97.6, $101.36, $93). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=SHOP.TO

● NexGen Energy (NXE) largely retreated -12.3% (-$1.48) after a 5-day winning streak, closed at $10.52, the worst % loss in more than 49 months, crossed below MA20 and MA50 ($10.92, $10.65).
360miq.com/stockinfo?code=NXE.TO

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

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