SP/TSX largely fell -2.1% (-464 pts), closed at 21186 points, fell 3 days in a row, the worst % loss in more than 4 months, also a 27-day low, fell -3.1% (-670 pts) for the week, fell 4 weeks in a row, crossed below MA50 (21579 pts).
Among the 150 largest-cap stocks, 17 (11%) closed higher. Only 15% of all TSX stocks ended higher, the least for more than 17 months.
In terms of sectors, all sectors were down with losses from -0.2% to -2.6%. 7 sectors outperformed the market. The market was down -2.1%; Utilities was down -0.2%, but already the best performer, reflecting a more risk-averse market; Basic Materials was down -2.6%, the worst performer.
● First Quantum Minerals (FM) sank -9.1% (-$3.57), closed at $35.75, fell 4 days in a row, the worst % loss in 9 months, also a 39-day low, fell -12.8% (-$5.26) for the week, crossed below MA50 ($39.21). The worst performer today but with average volume.
360miq.com/stockinfo?code=FM.TO
● Algonquin Power & Utilities Corp (AQN) fell -1.4% (-$0.28), closed at $19.38, the worst % loss in more than 1 month, fell -1.8% (-$0.35) for the week, fell 2 weeks in a row, crossed below MA20 ($19.64). The largest increase in volume today.
360miq.com/stockinfo?code=AQN.TO
● Finning International (FTT) sank -7.3% (-$2.87), closed at $36.47, fell 3 days in a row, the worst % loss in 25 months, fell -4.9% (-$1.88) for the week after a 2-week winning streak, crossed below MA20 and MA50 ($37.85, $37.77).
360miq.com/stockinfo?code=FTT.TO
360miq.com/market?data=TSX#tab-3
