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TSX Market Update 2023-09-01

360MiQ 0

SP/TSX rose 1.2% (+252 pts), closed at 20545 points, a 22-day high, rose 3.6% (+709 pts) for the week, rose 2 weeks in a row.

Among the 150 largest-cap stocks, 128 (85%) closed higher. 70% of all TSX stocks ended higher, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.7% to 1.9%. 3 sectors outperformed the market. The market was up 1.2%; Energy was up 1.9%, the best performer; Communication was down -0.7%, the worst performer.

● MEG Energy Corp (MEG) jumped 5.6% (+$1.36), closed at $25.53, rose 6 days in a row, the best % gain in nearly 5 months, also hit a YTD high, rose 10.3% (+$2.38) for the week. The best performer today with a significant increase in volume.
360miq.com/stockinfo?code=MEG.TO

● Whitecap Resources (WCP) soared 4.8% (+$0.53), closed at $11.58, rose 6 days in a row, the best % gain in nearly 5 months, also hit a YTD high, rose 8% (+$0.86) for the week after a 2-week losing streak.
360miq.com/stockinfo?code=WCP.TO

● Canadian Tire (CTC) largely retreated -5.2% (-$15.15) after a 3-day winning streak, closed at $273.73, fell -3.6% (-$10.27) for the week, crossed below MA20 ($280.91). The worst performer today with a slight increase in volume.
360miq.com/stockinfo?code=CTC.TO

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

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