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TSX Market Update 2023-06-02

360MiQ 0

SP/TSX largely rose 1.8% (+353 pts), closed at 20025 points, the best % gain in more than 6 months, rose 0.5% (+105 pts) for the week after a 5-week losing streak, crossed above MA200 (19892 pts).

Among the 150 largest-cap stocks, 125 (83%) closed higher. 75% of all TSX stocks ended higher, the most in 2 months, good for the market.

In terms of sectors, all sectors were up with gains from 0.1% to 2.8%. 5 sectors outperformed the market. The market was up 1.6%; Energy was up 2.8%, the best performer; Communication, Basic Materials were up 0.1%, but already the worst performers.

● Endeavour Mining (EDV) largely retreated -3.8% (-$1.39) after a 3-day winning streak, closed at $35.1, the worst % loss in nearly 3 months, rose 4.9% (+$1.65) for the week after a 3-week losing streak. The worst performer today with a slight decrease in volume.
360miq.com/stockinfo?code=EDV.TO

● Champion Iron (CIA) largely rebounded 9.4% (+$0.47) after a 3-day losing streak, closed at $5.49, the best % gain in nearly 7 months, rose 0.7% (+$0.04) for the week. The best performer today with a slight increase in volume.
360miq.com/stockinfo?code=CIA.TO

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

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