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TSX Market Update 2022-01-28

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SP/TSX rose 1% (+198 pts), closed at 20742 points, the best % gain in 1 month, rose 0.6% (+121 pts) for the week.

Among the 150 largest-cap stocks, 113 (75%) closed higher. 63% of all TSX stocks ended higher.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.5% to 5.1%. 6 sectors outperformed the market. The market was up 0.9%; Technology was up 5.1%, the best performer, reflecting a more aggressive market sentiment; Basic Materials was down -0.5%, the worst performer.

● Turquoise Hill Resources (TRQ) largely fell -3.9% (-$0.92) after a 3-day winning streak, closed at $22.53, rose 16% (+$3.11) for the week. The worst performer today with a significant decrease in volume.
360miq.com/stockinfo?code=TRQ.TO

● Maple Leaf Foods (MFI) rose 2.5% (+$0.75), closed at $30.3, rose 4 days in a row, the best % gain in more than 1 month, also a 46-day high, rose 4.3% (+$1.25) for the week, rose 2 weeks in a row. The largest increase in volume today.
360miq.com/stockinfo?code=MFI.TO

● Kinaxis (KXS) spiked 7.4% (+$11.07), closed at $160.59, the best % gain in nearly 17 months, rose 5.3% (+$8.09) for the week after a 4-week losing streak, crossed above MA20 ($158.41). The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=KXS.TO

● ARC Resources (ARX) jumped 6.9% (+$0.91), closed at $14.13, the best % gain in nearly 3 months, also a 1056-day high, rose 8.4% (+$1.1) for the week.
360miq.com/stockinfo?code=ARX.TO

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

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