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TSX Market Update 2022-02-02

360MiQ 0

SP/TSX slightly rose 0.2% (+42.4 pts), closed at 21362 points, rose 4 days in a row.

Among the 150 largest-cap stocks, 92 (61%) closed higher. 63% of all TSX stocks ended higher.

In terms of sectors, 10 sectors closed up, 2 sectors closed down, ranging from -5% to 1.6%. 9 sectors outperformed the market. The market was up 0.2%; Consumer Defensive was up 1.6%, the best performer, reflecting a decreasing risk appetite; Technology was down -5%, the worst performer.

● Loblaw Companies (L) largely rose 3.5% (+$3.43), closed at $101.03, the best % gain in 11 months, crossed above MA20 and MA50 ($98.08, $99.27). The best performer but with average volume.
360miq.com/stockinfo?code=L.TO

● Shopify (SHOP) largely retreated -10% (-$125.21) after a 3-day winning streak, closed at $1122.41. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=SHOP.TO

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