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TSX Market Update 2024-08-08

360MiQ 0

SP/TSX largely rose +1.6% (+345 pts) after a 4-day losing streak, closed at 22226 points, the best % gain in nearly 8 months, crossed above MA50 (22216 pts).

Among the 150 largest-cap stocks, 131 (87%) closed higher, 109 of them rose with a lower volume. 76% of all TSX stocks ended higher, good for the market.

In terms of sectors, all sectors were up with gains from +0.2% to +4.2%. 4 sectors outperformed the market. The market was up +1.6%; Healthcare was up +4.2%, the best performer; Communication was up +0.2%, but already the worst performer.

● First Quantum Minerals (FM) largely rebounded +7.8% (+$1.13) after a 4-day losing streak, closed at $15.63, the best % gain in nearly 3 months, crossed above MA200 ($15.19). The best performer with a slight decrease in volume.
360miq.com/stockinfo?code=FM.TO

● Stantec (STN) largely fell -2.8% (-$3.23), closed at $112, fell 5 days in a row, a 31-day low, crossed below MA50 ($114.84). The largest increase in volume.
360miq.com/stockinfo?code=STN.TO

● Pan American Silver Corp (PAAS) sank -4.7% (-$1.26), closed at $25.5, fell 5 days in a row, a 62-day low. The worst performer with a significant increase in volume.
360miq.com/stockinfo?code=PAAS.TO

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

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