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TSX Market Update 2024-12-18

360MiQ 0

SP/TSX largely fell -2.2% (-563 pts), closed at 24557 points, fell 5 days in a row, the worst % loss in 10 months, also a 30-day low, crossed below MA50 (24960 pts).

Among the 150 largest-cap stocks, 9 (6%) closed higher. Only 18% of all TSX stocks ended higher, the least in 10 months.

In terms of sectors, all sectors were down with losses from -0.2% to -5.4%. 7 sectors outperformed the market. The market was down -2.2%; Communication was down -0.2%, but already the best performer; Technology was down -5.4%, the worst performer.

● Hut 8 Corp (HUT) largely retreated -11.1% (-$4.69) after a 5-day winning streak, closed at $37.73, the worst % loss in more than 1 month, crossed below MA20 ($37.99). The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=HUT.TO

● GFL Environmental (GFL) largely rebounded +2.9% (+$1.82), closed at $65.62, the best % gain in more than 1 month, crossed above MA20 ($65.03). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=GFL.TO

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

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