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TSX Market Update 2023-01-12

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SP/TSX rose 0.9% (+186 pts), closed at 20211 points, rose 5 days in a row, a 24-day high.

Among the 150 largest-cap stocks, 118 (79%) closed higher. 75% of all TSX stocks ended higher, good for the market.

In terms of sectors, 9 sectors closed up, 2 sectors closed down, 1 sector remained unchanged, ranging from -1% to 2.3%. 6 sectors outperformed the market. The market was up 0.9%; Energy was up 2.3%, the best performer; Consumer Defensive was down -1%, the worst performer.

● Canadian Tire (CTC) jumped 7.4% (+$20), closed at $290, crossed above MA50 ($271.77). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=CTC.TO

● MEG Energy Corp (MEG) surged 6.6% (+$1.19), closed at $19.35, rose 3 days in a row, the best % gain in more than 3 months, also a 25-day high, crossed above MA50 and MA200 ($18.69, $18.46).
360miq.com/stockinfo?code=MEG.TO

● Aritzia (ATZ) largely retreated -9.9% (-$5.06) after a 6-day winning streak, closed at $46.16, the worst % loss in nearly 34 months, crossed below MA20 and MA50 ($47.71, $49.92). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=ATZ.TO

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

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