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TSX Market Update 2023-08-24

360MiQ 0

SP/TSX fell -0.5% (-104 pts), closed at 19776 points.

Among the 150 largest-cap stocks, 38 (25%) closed higher. Only 32% of all TSX stocks ended higher.

In terms of sectors, 2 sectors closed up, 9 sectors closed down, 1 sector remained unchanged, ranging from -3% to 1.7%. 4 sectors outperformed the market, the market internal was more negative. The market was down -0.5%; Communication was up 1.7%, the best performer, reflecting an increasing risk appetite; Healthcare was down -3%, the worst performer.

● BCE (BCE) rose 2.4% (+$1.34), closed at $56.19, the best % gain in more than 10 months, crossed above MA20 ($56.02). The best performer with a significant increase in volume.
360miq.com/stockinfo?code=BCE.TO

● Bausch + Lomb (BLCO) tanked -4.3% (-$1.14) after a 6-day winning streak, closed at $25.45, the worst % loss in more than 9 months, crossed below MA20 and MA50 ($25.54, $25.96). The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=BLCO.TO

● MEG Energy Corp (MEG) largely fell -4.1% (-$0.96), closed at $22.67, the worst % loss in more than 3 months, also a 26-day low, is testing MA50 ($22.62).
360miq.com/stockinfo?code=MEG.TO

● Toronto-Dominion Bank (TD) largely fell -3.2% (-$2.69), closed at $80.67, the worst % loss in nearly 3 months, also a 33-day low, crossed below MA50 ($83.02).
360miq.com/stockinfo?code=TD.TO

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

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