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TSX Market Update 2022-09-29

360MiQ 0

SP/TSX retreated -1.1% (-207 pts), closed at 18442 points.

Among the 150 largest-cap stocks, 40 (27%) closed higher. Only 28% of all TSX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -4% to 0.1%. 4 sectors outperformed the market, the market internal was more negative. The market was down -1.1%; Basic Materials was up 0.1%, but already the best performer; Healthcare was down -4%, the worst performer.

● NovaGold Resources (NG) jumped 8.3% (+$0.49), closed at $6.37, the best % gain in more than 8 months, also a 22-day high, crossed above MA50 ($6.06). The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=NG.TO

● Linamar (LNR) tumbled -11.6% (-$7.06), closed at $53.62, the worst % loss in 2.5 years, also a 52-day low, crossed below MA200 ($60.52). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=LNR.TO

● Ballard Power Systems (BLDP) largely retreated -10.2% (-$0.95) after a 3-day winning streak, closed at $8.37, the worst % loss in more than 3 months, also a 51-day low.
360miq.com/stockinfo?code=BLDP.TO

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

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