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TSX Market Update 2024-10-16

360MiQ 0

SP/TSX rose +0.5% (+122 pts), closed at 24561 points, hit a record high.

Among the 150 largest-cap stocks, 96 (64%) closed higher. 68% of all TSX stocks ended higher, good for the market.

In terms of sectors, 9 sectors closed up, 3 sectors closed down, ranging from -0.4% to +1.7%. 4 sectors outperformed the market. The market was up +0.4%; Utilities was up +1.7%, the best performer, reflecting a more conservative market sentiment; Technology was down -0.4%, but already the worst performer.

● Celestica (CLS) tanked -4.7% (-$3.94), closed at $80.31, the worst % loss in more than 1 month. The worst performer with a slight decrease in volume.
360miq.com/stockinfo?code=CLS.TO

● Brookfield Infrastructure (BIPC) rose +2.3% (+$1.34), closed at $59.13, rose 3 days in a row, the best % gain in more than 1 month, also hit a YTD high. The largest increase in volume.
360miq.com/stockinfo?code=BIPC.TO

● NexGen Energy (NXE) surged +10.3% (+$1.03), closed at $11.05, rose 6 days in a row, the best % gain in 9 months, also a 110-day high. The best performer with a huge increase in volume.
360miq.com/stockinfo?code=NXE.TO

● Brookfield Renewable (BEPC) spiked +9.3% (+$3.83), closed at $44.98, the best % gain in more than 5 months, also hit a YTD high, crossed above MA20 ($42.52).
360miq.com/stockinfo?code=BEPC.TO

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

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