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TSX Market Update 2024-03-06

360MiQ 0

SP/TSX slightly rose 0.3% (+68 pts), closed at 21594 points, hit a YTD high.

Among the 150 largest-cap stocks, 93 (62%) closed higher, 80 of them rose with a lower volume. 70% of all TSX stocks ended higher, good for the market.

In terms of sectors, 8 sectors closed up, the market internal was more positive, 2 sectors closed down, 2 sectors remained unchanged, ranging from -0.3% to 1.2%. 5 sectors outperformed the market. The market was up 0.3%; Basic Materials was up 1.2%, the best performer; Industrials was down -0.3%, but already the worst performer.

● Lundin Mining (LUN) surged 5.4% (+$0.58), closed at $11.38, the best % gain in more than 1 month, crossed above MA20 and MA50 ($10.99, $10.85). The best performer but with average volume.
360miq.com/stockinfo?code=LUN.TO

● Paramount Resources (POU) largely retreated -12.4% (-$3.88) after a 4-day winning streak, closed at $27.48, the worst % loss in more than 44 months, crossed below MA20 and MA200 ($28.09, $28.68). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=POU.TO

● Nuvei (NVEI) sank -10.3% (-$3.55), closed at $30.78, fell 4 days in a row, the worst % loss in nearly 7 months, also a 31-day low, crossed below MA50 and MA200 ($33.53, $31.13).
360miq.com/stockinfo?code=NVEI.TO

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

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