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TSX Market Update 2024-07-26

360MiQ 0

SP/TSX rose +0.9% (+207 pts) after a 3-day losing streak, closed at 22815 points, rose +0.6% (+125 pts) for the week, rose 5 weeks in a row.

Among the 150 largest-cap stocks, 134 (89%) closed higher. 79% of all TSX stocks ended higher, the most in more than 2 months, good for the market.

In terms of sectors, all sectors were up with gains from +0.3% to +1.8%. 4 sectors outperformed the market. The market was up +0.9%; Healthcare was up +1.8%, the best performer; Consumer Defensive was up +0.3%, but already the worst performer.

● BRP (DOO) soared +5.8% (+$5.44), closed at $99.84, the best % gain in nearly 4 months, also a 75-day high, rose +4.7% (+$4.46) for the week, rose 3 weeks in a row. The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=DOO.TO

● NexGen Energy (NXE) largely rebounded +5.1% (+$0.44) after a 3-day losing streak, closed at $9.02, rose +0.1% (+$0.01) for the week.
360miq.com/stockinfo?code=NXE.TO

● Baytex Energy Corp (BTE) largely retreated -6.1% (-$0.31), closed at $4.75, the worst % loss in more than 1 month, fell -6.5% (-$0.33) for the week after a 5-week winning streak, crossed below MA20, MA50 and MA200 ($4.97, $4.78, $4.8). The worst performer today with the largest increase in volume.
360miq.com/stockinfo?code=BTE.TO

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

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