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TSX Market Update 2023-05-04

360MiQ 0

SP/TSX fell -0.6% (-117 pts), closed at 20238 points, fell 4 days in a row.

Among the 150 largest-cap stocks, 39 (26%) closed higher. Only 27% of all TSX stocks ended higher, the least for more than 1 month.

In terms of sectors, 2 sectors closed up, 10 sectors closed down, ranging from -3.3% to 5.1%. 3 sectors outperformed the market, the market internal was more negative. The market was down -0.6%; Technology was up 5.1%, the best performer, reflecting a more aggressive market sentiment; Healthcare was down -3.3%, the worst performer.

● E-L Financial (ELF) fell -1.3% (-$11.6), closed at $901.66, the worst % loss in more than 1 month, crossed below MA20 and MA50 ($904.37, $912.02). The largest increase in volume.
360miq.com/stockinfo?code=ELF.TO

● Shopify (SHOP) largely rebounded 23.2% (+$14.6) after a 3-day losing streak, closed at $77.65, the best % gain in more than 91 months, also hit a YTD high, crossed above MA20 ($64.24). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=SHOP.TO

● Bausch Health Companies (BHC) plummeted -20.3% (-$2.04), closed at $8, the worst % loss in 9 months, also hit a YTD low, crossed below MA20 and MA200 ($9.94, $9.75). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=BHC.TO

● Ceridian HCM (CDAY) plunged -9.2% (-$7.88), closed at $77.46, fell 3 days in a row, the worst % loss in more than 10 months, also hit a YTD low.
360miq.com/stockinfo?code=CDAY.TO

● Gildan Activewear (GIL) tanked -7.7% (-$3.31), closed at $39.56, the worst % loss in nearly 1 year, also a 50-day low, crossed below MA200 ($40.55).
360miq.com/stockinfo?code=GIL.TO

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

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