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TSX Market Update 2024-07-16

360MiQ 0

SP/TSX rose +1.1% (+243 pts), closed at 22995 points, rose 5 days in a row, hit a record high.

Among the 150 largest-cap stocks, 107 (71%) closed higher. 76% of all TSX stocks ended higher, good for the market.

In terms of sectors, 10 sectors closed up, 1 sector closed down, 1 sector remained unchanged, ranging from -0.7% to +3.9%. 5 sectors outperformed the market. The market was up +1.1%; Technology was up +3.9%, the best performer, reflecting an increasing risk appetite; Energy was down -0.7%, the worst performer.

● Shopify (SHOP) surged +8.5% (+$7.5) after a 6-day losing streak, closed at $95.32, the best % gain in more than 5 months, also a 47-day high, crossed above MA20 and MA200 ($89.9, $94.38). The best performer but with average volume.
360miq.com/stockinfo?code=SHOP.TO

● Bausch + Lomb (BLCO) surged +4.8% (+$1.04), closed at $22.74, the best % gain in more than 2 months, also a 68-day high. The largest increase in volume.
360miq.com/stockinfo?code=BLCO.TO

● Capstone Copper Corp (CS) tanked -4.9% (-$0.51), closed at $9.86, crossed below MA20 and MA50 ($9.93, $9.95). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=CS.TO

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

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