S&P/TSX 60 Dips 0.03% Despite 1.12x Advance-Decline Ratio; Kinross Gold Soars 3.14%
The S&P/TSX 60 index dipped slightly by 0.03% today, despite a robust 3.2% increase over the past month. Kinross Gold Corp. led large-cap gains with a 3.14% rise, while Constellation Software, Inc. fell by 1.9%. Mid-cap stocks thrived, with IAMGOLD Corp. up 9.73%, contrasting with Restaurant Brands International's 4.27% decline. Small-cap Sierra Madre Gold & Silver Ltd. surged 16.28%, while The Good Flour Corp. dropped 7.5%. The overall market showed a positive advance-decline ratio of 1.12x, with mid-caps particularly strong at 1.68x, while large-caps struggled at 0.79x.
The S&P/TSX 60 index experienced a slight decline of 0.03% today, although it has shown a notable increase of 3.2% over the past 30 days. In the large-cap segment, Kinross Gold Corp. emerged as the top performer with a return of 3.14%, while Constellation Software, Inc. lagged behind with a decline of 1.9%. In the mid-cap category, IAMGOLD Corp. led the way with an impressive return of 9.73%, contrasting with Restaurant Brands International LP, which saw a decrease of 4.27%. The small-cap sector was highlighted by Sierra Madre Gold & Silver Ltd., achieving a remarkable return of 16.28%, while The Good Flour Corp. faced a setback with a decline of 7.5%.
Overall, the market's advance-decline ratio stood at 363 advancing stocks against 325 declining ones, reflecting a healthy ratio of 1.12x. Notably, mid-cap stocks showed strength with 42 advancing and 25 declining, resulting in a robust ratio of 1.68x. In contrast, large-cap stocks struggled, with 23 advancing and 29 declining, yielding a ratio of 0.79x.
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