S&P/TSX 60 Dips 0.26% Despite 1.04x Advance-Decline Ratio; Kinross Gold Soars 6.4%

6 hours ago
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The S&P/TSX 60 index dipped 0.26% today but has risen 1.92% over the past month. Kinross Gold Corp. led large-cap gains with a 6.4% return, while Shopify, Inc. fell 7.07%. In mid-caps, Lundin Gold, Inc. rose 7.25%, contrasting with a 6.28% decline for The Descartes Systems Group. Small-cap Frontera Energy Corp. surged 19.39%, while Intermap Technologies Corp. dropped 10%. The overall market showed a positive advance-decline ratio, though large-caps faced more challenges compared to mid and small-cap stocks.
S&P/TSX 60 Dips 0.26% Despite 1.04x Advance-Decline Ratio; Kinross Gold Soars 6.4%
The S&P/TSX 60 index experienced a slight decline of 0.26% today, although it has shown a positive trend over the past month with an increase of 1.92%. In the large-cap segment, Kinross Gold Corp. emerged as the top performer, delivering a return of 6.4%, while Shopify, Inc. struggled, posting a loss of 7.07%.
In the mid-cap category, Lundin Gold, Inc. led the way with a return of 7.25%, contrasting with The Descartes Systems Group, Inc., which saw a decline of 6.28%. The small-cap sector was highlighted by Frontera Energy Corp., achieving an impressive return of 19.39%, while Intermap Technologies Corp. faced challenges, recording a loss of 10.0%. Overall, the market's advance-decline ratio stood at 357 advancing stocks against 342 declining stocks, reflecting a healthy balance. However, the large-cap segment showed a more challenging environment with 23 advancing and 28 declining stocks. Mid-cap stocks fared better with 37 advancing compared to 30 declining, while small-cap stocks had 150 advancing against 174 declining.

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