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TSX Market Update 2022-05-05

360MiQ 0

SP/TSX largely retreated -2.3% (-489 pts), closed at 20696 points, the worst % loss in 1.5 years, crossed below MA200 (21026 pts).

Among the 150 largest-cap stocks, 13 (9%) closed higher. Only 14% of all TSX stocks ended higher, the least for 1.5 years.

In terms of sectors, all sectors were down with losses from -0.3% to -7.6%. 6 sectors outperformed the market. The market was down -2.3%; Utilities was down -0.3%, but already the best performer, reflecting a more risk-averse market; Technology was down -7.6%, the worst performer.

● Canadian Tire (CTC) spiked 10.1% (+$39.15), closed at $425, rose 7 days in a row, the best % gain in more than 5 months, also hit a record high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=CTC.TO

● Shopify (SHOP) largely retreated -14.3% (-$88.67) after a 3-day winning streak, closed at $529.63, the worst % loss in more than 2 months, also hit a YTD low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=SHOP.TO

● SNC-Lavalin Group (SNC) largely retreated -13.3% (-$3.84), closed at $24.99, the worst % loss in more than 25 months, also hit a YTD low. The largest increase in volume.
360miq.com/stockinfo?code=SNC.TO

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

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