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TSX Market Update 2024-05-22

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SP/TSX fell -0.5% (-121 pts) after a 4-day winning streak, closed at 22347 points.

Among the 150 largest-cap stocks, 49 (33%) closed higher. Only 31% of all TSX stocks ended higher.

In terms of sectors, 5 sectors closed up, 7 sectors closed down, ranging from -3.4% to +1.3%. 8 sectors outperformed the market. The market was down -0.7%; Technology was up +1.3%, the best performer; Basic Materials was down -3.4%, the worst performer.

● Canadian Tire (CTC) largely rose +4.1% (+$10), closed at $255, crossed above MA50 ($251.96). The largest increase in volume.
360miq.com/stockinfo?code=CTC.TO

● Galaxy Digital Holdings (GLXY) jumped +5.8% (+$0.78), closed at $14.2, rose 3 days in a row, a 30-day high. The best performer with a slight increase in volume.
360miq.com/stockinfo?code=GLXY.TO

● Ivanhoe Mines (IVN) tumbled -8.9% (-$1.89), closed at $19.39, crossed below MA20 ($19.69). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=IVN.TO

● Hudbay Minerals (HBM) largely retreated -8.4% (-$1.19), closed at $12.96, the worst % loss in more than 1 year.
360miq.com/stockinfo?code=HBM.TO

● Lundin Mining (LUN) largely retreated -8% (-$1.43) after a 3-day winning streak, closed at $16.36, the worst % loss in nearly 20 months.
360miq.com/stockinfo?code=LUN.TO

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

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