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TSX Market Update 2023-05-08

360MiQ 0

SP/TSX slightly rose 0.2% (+43.2 pts), closed at 20585 points, is testing MA20 (20537 pts).

Among the 150 largest-cap stocks, 94 (63%) closed higher. 46% of all TSX stocks ended higher.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 4 sectors closed down, ranging from -0.8% to 2.2%. 5 sectors outperformed the market. The market was up 0.2%; Technology was up 2.2%, the best performer, reflecting a more aggressive market sentiment; Communication was down -0.8%, the worst performer.

● Gran Tierra Energy (GTE) largely rebounded 926.8% (+$7.6) after a 4-day losing streak, closed at $8.42, crossed above MA20, MA50 and MA200 ($3.66, $2.14, $1.68). The best performer with a significant decrease in volume.
360miq.com/stockinfo?code=GTE.TO

● Tourmaline Oil Corp (TOU) fell -1.3% (-$0.75), closed at $57.73, a 20-day low, crossed below MA50 ($57.93). The largest increase in volume.
360miq.com/stockinfo?code=TOU.TO

● Maple Leaf Foods (MFI) sank -4.7% (-$1.28), closed at $26.09, the worst % loss in nearly 2 months, also a 21-day low, crossed below MA50 ($26.32). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=MFI.TO

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

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