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TSX Market Update 2022-08-16

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SP/TSX rose 0.4% (+89 pts), closed at 20270 points, rose 5 days in a row, a 44-day high.

Among the 150 largest-cap stocks, 87 (58%) closed higher. Despite SP/TSX rising 0.4%, only 48% of all TSX stocks rose with the index.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 4 sectors closed down, ranging from -1.2% to 1.5%. 5 sectors outperformed the market. The market was up 0.3%; Consumer Defensive was up 1.5%, the best performer, reflecting a more conservative market sentiment; Healthcare was down -1.2%, the worst performer.

● First Quantum Minerals (FM) largely rebounded 3.7% (+$0.89), closed at $24.8. The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=FM.TO

● Canadian Tire (CTC) largely retreated -6.2% (-$18.75), closed at $284.25, crossed below MA20 and MA200 ($290.26, $301.61). The worst performer with a significant decrease in volume.
360miq.com/stockinfo?code=CTC.TO

● MEG Energy Corp (MEG) sank -5.3% (-$0.89), closed at $16.06, crossed below MA20 and MA200 ($16.73, $16.25).
360miq.com/stockinfo?code=MEG.TO

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

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