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TSX Market Update 2023-03-07

360MiQ 0

SP/TSX fell -1.2% (-239 pts), closed at 20276 points, crossed below MA20 and MA50 (20458 pts, 20289 pts).

Among the 150 largest-cap stocks, 35 (23%) closed higher. Only 25% of all TSX stocks ended higher.

In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -3% to 0.2%. 8 sectors outperformed the market. The market was down -1.2%; Utilities was up 0.2%, but already the best performer, reflecting a decreasing risk appetite; Basic Materials was down -3%, the worst performer.

● GFL Environmental (GFL) largely rose 2.7% (+$1.2), closed at $44.99, rose 5 days in a row, hit a YTD high. The best performer but with average volume.
360miq.com/stockinfo?code=GFL.TO

● Pan American Silver Corp (PAAS) sank -5.1% (-$1.12) after a 5-day winning streak, closed at $20.83, the worst % loss in 1 month, crossed below MA20 ($21.41). The worst performer but with average volume.
360miq.com/stockinfo?code=PAAS.TO

● Sprott Physical Silver Trust (PSLV) largely fell -3.5% (-$0.34), closed at $9.46, the worst % loss in nearly 10 months, also hit a YTD low, crossed below MA200 ($9.57). The largest increase in volume.
360miq.com/stockinfo?code=PSLV.TO

● Paramount Resources (POU) tanked -4.7% (-$1.48), closed at $29.83, crossed below MA20 ($30.4).
360miq.com/stockinfo?code=POU.TO

● First Quantum Minerals (FM) tanked -5.1% (-$1.6), closed at $29.79.
360miq.com/stockinfo?code=FM.TO

● Wheaton Precious Metals Corp (WPM) plummeted -4.8% (-$2.69), closed at $53.47, the worst % loss in nearly 5 months, also hit a YTD low.
360miq.com/stockinfo?code=WPM.TO

● Lundin Mining (LUN) tumbled -4.4% (-$0.4), closed at $8.62, the worst % loss in more than 1 month, crossed below MA20 ($8.85).
360miq.com/stockinfo?code=LUN.TO

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

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