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TSX Market Update 2022-02-24

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SP/TSX slightly rose 0.09% (+17.9 pts) after a 5-day losing streak, closed at 20762 points.

Among the 150 largest-cap stocks, 77 (51%) closed higher. 40% of all TSX stocks ended higher.

In terms of sectors, 8 sectors closed up, 4 sectors closed down, ranging from -1.4% to 4.8%. 7 sectors outperformed the market, the market internal was more positive. The market was up 0.2%; Technology was up 4.8%, the best performer, reflecting a more aggressive market sentiment; Financial was down -1.4%, the worst performer.

● Boralex (BLX) soared 9.9% (+$3.22), closed at $35.79, the best % gain in more than 22 months, also hit a YTD high, crossed above MA50 ($32.82). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=BLX.TO

● Cameco (CCO) spiked 8.9% (+$2.34), closed at $28.51, crossed above MA50 and MA200 ($27.29, $26.62).
360miq.com/stockinfo?code=CCO.TO

● Ballard Power Systems (BLDP) largely rebounded 8.9% (+$1) after a 4-day losing streak, closed at $12.28, crossed above MA20 ($12.28).
360miq.com/stockinfo?code=BLDP.TO

● Galaxy Digital Holdings (GLXY) largely rebounded 8.8% (+$1.27), closed at $15.64.
360miq.com/stockinfo?code=GLXY.TO

● Maple Leaf Foods (MFI) plummeted -12.1% (-$3.83), closed at $27.89, fell 5 days in a row, the worst % loss in nearly 28 months, also hit a YTD low, crossed below MA20 and MA50 ($31.22, $29.94). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=MFI.TO

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

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