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TSX Market Update 2024-06-03

360MiQ 0

SP/TSX fell -0.7% (-152 pts), closed at 22117 points, crossed below MA20 (22269 pts).

Among the 150 largest-cap stocks, 66 (44%) closed higher. Despite SP/TSX falling -0.7%, 54% of all TSX stocks rose against the index.

In terms of sectors, 5 sectors closed up, 6 sectors closed down, 1 sector remained unchanged, ranging from -3.2% to +0.6%. 8 sectors outperformed the market. The market was down -0.8%; Communication, Real Estate were up +0.6%, the best performers; Energy was down -3.2%, the worst performer.

● GFL Environmental (GFL) surged +10.4% (+$4.47), closed at $47.38, rose 3 days in a row, the best % gain in more than 49 months, also a 36-day high, crossed above MA20, MA50 and MA200 ($43.65, $45.01, $44.21). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=GFL.TO

● Strathcona Resources (SCR) tumbled -6.9% (-$2.54), closed at $34.15, the worst % loss in 10 months. The worst performer with a slight increase in volume.
360miq.com/stockinfo?code=SCR.TO

● Baytex Energy Corp (BTE) tanked -6.6% (-$0.33), closed at $4.68, crossed below MA20, MA50 and MA200 ($4.84, $4.99, $4.96).
360miq.com/stockinfo?code=BTE.TO

● Ovintiv (OVV) largely retreated -6.3% (-$4.44) after a 5-day winning streak, closed at $65.96, the worst % loss in more than 14 months, also a 59-day low, crossed below MA20 ($68.13).
360miq.com/stockinfo?code=OVV.TO

● Cenovus Energy (CVE) plunged -6.1% (-$1.72), closed at $26.69, the worst % loss in more than 14 months, also a 48-day low, crossed below MA20 and MA50 ($27.82, $28.12).
360miq.com/stockinfo?code=CVE.TO

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

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