S&P/TSX 60 Climbs 0.81% as Shopify Soars 7.41% Amid Strong Market Gains

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The Canadian equity market experienced positive momentum, with the S&P/TSX 60 index rising 0.81% today and gaining 3.57% over the past week. Shopify, Inc. led Large Cap stocks with a 7.41% return, while Celestica, Inc. fell by 6.65%. In the Mid Cap sector, Eldorado Gold Corp. rose by 3.53%, contrasting with a 3.57% decline for China Gold International Resources. Small Cap stocks showed mixed results, highlighted by Intermap Technologies Corp.'s 9.83% gain and OrganiGram Holdings' 12.9% drop. Overall, advancing stocks outnumbered decliners, indicating a favorable market trend.
S&P/TSX 60 Climbs 0.81% as Shopify Soars 7.41% Amid Strong Market Gains
The Canadian equity market showed positive momentum today, with the S&P/TSX 60 index rising by 0.81%. Over the past week, the index has gained 3.57%, and it has increased by 1.07% over the last 30 days, indicating a steady upward trend.
In terms of individual stock performance, Shopify, Inc. emerged as the top performer in the Large Cap category, delivering a return of 7.41%. Conversely, Celestica, Inc. struggled, posting a decline of 6.65%. Among Mid Cap stocks, Eldorado Gold Corp. led with a return of 3.53%, while China Gold International Resources Corp. Ltd. faced a downturn of 3.57%. In the Small Cap sector, Intermap Technologies Corp. excelled with a notable return of 9.83%, while OrganiGram Holdings, Inc. experienced the largest drop at 12.9%. The overall market saw 358 stocks advancing compared to 346 declining, resulting in an advance-decline ratio of 1.03x. Large Cap stocks had a stronger showing, with 35 advancing and 17 declining, yielding a ratio of 2.06x. Mid Cap stocks also performed well, with 41 advancing against 26 declining, while Small Cap stocks had a more balanced outcome with 167 advancing and 159 declining.

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