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TSX Market Update 2023-01-06

360MiQ 0

SP/TSX largely rose 1.6% (+308 pts), closed at 19815 points, the best % gain in nearly 2 months, rose 2.2% (+430 pts) for the week, crossed above MA20 and MA50 (19616 pts, 19783 pts).

Among the 150 largest-cap stocks, 134 (89%) closed higher. 82% of all TSX stocks ended higher, the most in nearly 2 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.1% to 2.4%. 3 sectors outperformed the market. The market was up 1.6%; Energy was up 2.4%, the best performer; Healthcare was up 0.1%, but already the worst performer.

● Teck Resources (TECK-A) largely rose 2.9% (+$1.5), closed at $53.5, a 139-day high, rose 3% (+$1.57) for the week. The largest increase in volume today.
360miq.com/stockinfo?code=TECK-A.TO

● Allkem (AKE) largely rebounded 9.4% (+$0.97), closed at $11.25, the best % gain in 2 months, rose 9.3% (+$0.96) for the week after a 4-week losing streak, crossed above MA20 ($11.13). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=AKE.TO

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

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