SP/TSX largely fell -1.6% (-367 pts), closed at 21898 points, the worst % loss in more than 3 months, crossed below MA20 and MA50 (22221 pts, 22079 pts).
Among the 150 largest-cap stocks, 21 (14%) closed higher. Only 19% of all TSX stocks ended higher, the least in more than 3 months.
In terms of sectors, 1 sector closed up, 11 sectors closed down, ranging from -2.2% to +0.1%. 7 sectors outperformed the market. The market was down -1.5%; Consumer Defensive was up +0.1%, but already the best performer, reflecting a more conservative market sentiment; Financial was down -2.2%, the worst performer.
● iA Financial Corporation (IAG) fell -2% (-$1.78), closed at $88.99, crossed below MA20 ($89.16). The largest increase in volume.
360miq.com/stockinfo?code=IAG.TO
● National Bank of Canada (NA) rose +2.5% (+$2.88), closed at $115.89, the best % gain in nearly 6 months, crossed above MA20 ($114.51). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=NA.TO
● Bank of Montreal (BMO) tumbled -8.9% (-$11.62) after a 5-day winning streak, closed at $119.48, the worst % loss in 50 months, also hit a YTD low, crossed below MA20 and MA50 ($127.67, $127.53). The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=BMO.TO
360miq.com/market?data=TSX#tab-3
