S&P/TSX 60 Drops 1.34% as Celestica Soars 6.48% Amid Bearish Market Sentiment

6 hours ago
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The S&P/TSX 60 index fell by 1.34% today and 1.44% over the past month, indicating a tough landscape for Canadian equities. The market showed a stark imbalance, with only 119 stocks advancing against 588 declining. In large-cap stocks, Celestica, Inc. performed well with a 6.48% gain, while Barrick Gold Corp. dropped 8.53%. Mid-cap and small-cap sectors also faced challenges, with notable declines from Equinox Gold Corp. and Canada Goose Holdings, Inc. The overall advance-decline ratios reflect a bearish sentiment across all market segments.
S&P/TSX 60 Drops 1.34% as Celestica Soars 6.48% Amid Bearish Market Sentiment
The S&P/TSX 60 index experienced a notable decline, down 1.34% today and 1.44% over the past 30 days, reflecting a challenging environment for Canadian equities. The overall market showed a significant imbalance, with 119 stocks advancing compared to 588 declining, resulting in an advance-decline ratio of 0.2x.
In the large-cap segment, Celestica, Inc. emerged as the top performer with a return of 6.48%, while Barrick Gold Corp. struggled, posting a return of -8.53%. Mid-cap stocks saw Kinaxis, Inc. leading with a return of 2.69%, contrasted by Equinox Gold Corp., which faced a decline of 9.9%. The small-cap sector was similarly affected, with Fennec Pharmaceuticals, Inc. gaining 5.73%, while Canada Goose Holdings, Inc. suffered a significant drop of 19.56%. The advance-decline ratios further highlighted the market's struggles, with large-cap stocks showing 19 advancing against 33 declining (0.58x ratio), mid-cap stocks at 14 advancing versus 53 declining (0.26x ratio), and small-cap stocks at 50 advancing against 282 declining (0.18x ratio). This data underscores the prevailing bearish sentiment across various market segments.

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