Press "Enter" to skip to content

TSX Market Update 2022-05-09

360MiQ 0

SP/TSX tanked -3.1% (-633 pts), closed at 20000 points, fell 3 days in a row, the worst % loss in nearly 23 months, also hit a YTD low.

Among the 150 largest-cap stocks, 18 (12%) closed higher. Only 12% of all TSX stocks ended higher, the least for more than 1.5 years.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -8.5% to 1%. 7 sectors outperformed the market. The market was down -3.2%; Consumer Defensive was up 1%, the best performer, reflecting a more risk-averse market; Healthcare sank -8.5%, the worst performer.

● Loblaw Companies (L) largely rose 4% (+$4.42) after a 6-day losing streak, closed at $116.18, the best % gain in 2 months, crossed above MA20 and MA50 ($116.06, $112.83). The best performer but with average volume.
360miq.com/stockinfo?code=L.TO

● Sprott Physical Gold and Silver Trust (CEF) fell -1.3% (-$0.3), closed at $22.97, a 55-day low, is testing MA200 ($22.91). The largest increase in volume.
360miq.com/stockinfo?code=CEF.TO

● Galaxy Digital Holdings (GLXY) tanked -26.3% (-$3.56), closed at $9.97, fell 3 days in a row, hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=GLXY.TO

● Bausch Health Companies (BHC) plunged -18.9% (-$3.91), closed at $16.78, fell 8 days in a row, the worst % loss in more than 25 months, also hit a YTD low.
360miq.com/stockinfo?code=BHC.TO

● Shaw Communications (SJR-B) largely retreated -7.2% (-$2.69), closed at $34.87, the worst % loss in more than 25 months, also hit a YTD low, crossed below MA200 ($37.08).
360miq.com/stockinfo?code=SJR-B.TO

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

Got a stock? Ask 360MiQ

  1. Hi, I’m your virtual stock assistant.

    Please enter a stock code or company name with an optional exchange code:

    ▪ AAPL
    ▪ Berkshire Hathaway
    ▪ 7203 TYO

CloseSpeechSendAvatar