SP/TSX rose 1.5% (+304 pts) after a 4-day losing streak, closed at 20542 points, the best % gain in nearly 4 months, fell -0.5% (-95 pts) for the week, fell 2 weeks in a row, crossed above MA20 (20522 pts).
Among the 150 largest-cap stocks, 102 (68%) closed higher. 65% of all TSX stocks ended higher.
In terms of sectors, 10 sectors closed up, 2 sectors remained unchanged, ranging from 0% to 3.4%. 4 sectors outperformed the market. The market was up 1.4%; Technology was up 3.4%, the best performer, reflecting a more aggressive market sentiment; Communication, Basic Materials remained unchanged, but already the worst performers.
● Dream Industrial Real Estate Investment Trust (DIR-UN) largely fell -2.9% (-$0.42), closed at $14.22, the worst % loss in 4 months, also a 25-day low, fell -4.2% (-$0.62) for the week, fell 2 weeks in a row, crossed below MA50 ($14.57). The largest increase in volume today.
360miq.com/stockinfo?code=DIR-UN.TO
● Open Text (OTEX) largely rebounded 12.1% (+$5.98), closed at $55.41, the best % gain in nearly 63 months, also hit a YTD high, rose 8% (+$4.1) for the week, rose 2 weeks in a row, crossed above MA20 and MA50 ($51.65, $50.41). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=OTEX.TO
● Air Canada (AC) largely rebounded 11.6% (+$2.12) after a 3-day losing streak, closed at $20.46, the best % gain in more than 29 months, also a 40-day high, rose 7.9% (+$1.5) for the week, rose 4 weeks in a row, crossed above MA20, MA50 and MA200 ($18.97, $19.07, $19.21).
360miq.com/stockinfo?code=AC.TO
● ARC Resources (ARX) spiked 7.5% (+$1.2), closed at $17.25, the best % gain in more than 9 months, also hit a YTD high, rose 2.5% (+$0.42) for the week, rose 2 weeks in a row, crossed above MA20 and MA200 ($16.42, $17).
360miq.com/stockinfo?code=ARX.TO
● Allkem (AKE) surged 7.2% (+$0.77), closed at $11.46, the best % gain in 1 month, also a 43-day high, rose 3.7% (+$0.41) for the week, rose 4 weeks in a row.
360miq.com/stockinfo?code=AKE.TO
● TELUS International (Cda) (TIXT) plummeted -7.6% (-$1.9), closed at $23.11, fell 3 days in a row, the worst % loss in nearly 6 months, also hit a record low, fell -14.2% (-$3.84) for the week, fell 3 weeks in a row. The worst performer today with a significant increase in volume.
360miq.com/stockinfo?code=TIXT.TO
360miq.com/market?data=TSX#tab-3
