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TSX Market Update 2024-08-09

360MiQ 0

SP/TSX rose +0.4% (+85.3 pts), closed at 22311 points, rose +0.4% (+83 pts) for the week.

Among the 150 largest-cap stocks, 95 (63%) closed higher, 82 of them rose with a lower volume. 69% of all TSX stocks ended higher, good for the market.

In terms of sectors, 7 sectors closed up, 4 sectors closed down, 1 sector remained unchanged, ranging from -0.9% to +0.8%. 3 sectors outperformed the market. The market was up +0.4%; Basic Materials, Financial, Technology were up +0.8%, the best performers; Utilities was down -0.9%, the worst performer.

● Lundin Gold (LUG) surged +4.7% (+$1.04), closed at $23.03, fell -3.9% (-$0.94) for the week, crossed above MA20 ($23.01). The best performer today with a slight decrease in volume.
360miq.com/stockinfo?code=LUG.TO

● E-L Financial (ELF) largely rebounded +4.1% (+$51.64), closed at $1296.02, hit a record high, rose +2.4% (+$30.12) for the week, rose 2 weeks in a row.
360miq.com/stockinfo?code=ELF.TO

● Algonquin Power & Utilities Corp (AQN) largely retreated -12.6% (-$1.07), closed at $7.42, the worst % loss in nearly 21 months, also hit a YTD low, fell -13.1% (-$1.12) for the week, fell 2 weeks in a row, crossed below MA20, MA50 and MA200 ($8.41, $8.22, $8.04). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=AQN.TO

● B2Gold Corp (BTO) largely retreated -11.5% (-$0.44), closed at $3.37, the worst % loss in more than 52 months, also a 66-day low, fell -15.3% (-$0.61) for the week, fell 4 weeks in a row, crossed below MA200 ($3.78). The largest increase in volume today.
360miq.com/stockinfo?code=BTO.TO

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

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