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TSX Market Update 2024-08-07

360MiQ 0

SP/TSX fell -0.4% (-98.1 pts), closed at 21881 points, fell 4 days in a row, a 25-day low.

Among the 150 largest-cap stocks, 32 (21%) closed higher. Only 32% of all TSX stocks ended higher.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -2.9% to +5.7%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Technology was up +5.7%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -2.9%, the worst performer.

● Canadian Tire (CTC) plunged -6.6% (-$14.375) after a 3-day winning streak, closed at $202, hit a YTD low, crossed below MA20 ($213.43). The worst performer but with average volume.
360miq.com/stockinfo?code=CTC.TO

● Shopify (SHOP) largely rebounded +17.9% (+$13.31) after a 3-day losing streak, closed at $87.87, the best % gain in 9 months, crossed above MA20 and MA50 ($84.99, $86.45). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=SHOP.TO

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

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