S&P/TSX 60 Falls 0.75% as Shopify Gains 1.88% Amid Tough Market Conditions
The S&P/TSX 60 index fell by 0.75% today and 1.12% over the past week, despite a 2.63% rise in the last month. Shopify, Inc. led large-cap gains at 1.88%, while Imperial Oil Ltd. dropped 5.25%. In mid-caps, Gildan Activewear, Inc. surged 5.5%, contrasting with Whitecap Resources, Inc.'s 4.22% decline. The small-cap sector was particularly volatile, with Cresco Labs, Inc. soaring 37.5% and Santacruz Silver Mining Ltd. down 7.64%. Overall, the market showed more decliners than advancers, particularly in large-caps, while mid-caps demonstrated relative strength.
The S&P/TSX 60 index experienced a decline of 0.75% today, marking a 1.12% drop over the past five days. However, the index has shown resilience with a 2.63% increase over the last 30 days. In the large-cap segment, Shopify, Inc. emerged as the top performer with a return of 1.88%, while Imperial Oil Ltd. struggled, posting a loss of 5.25%. Mid-cap stocks saw Gildan Activewear, Inc. leading with a return of 5.5%, contrasting with Whitecap Resources, Inc., which fell by 4.22%. The small-cap sector was notably dynamic, with Cresco Labs, Inc. achieving a remarkable return of 37.5%, while Santacruz Silver Mining Ltd. faced a decline of 7.64%.
Overall, the market's advance-decline ratio indicates that 291 stocks advanced compared to 371 that declined, resulting in a ratio of 0.78x. In the large-cap category, only 12 stocks advanced against 39 that declined, yielding a ratio of 0.31x. Conversely, mid-cap stocks showed strength with 36 advancing and 31 declining, resulting in a ratio of 1.16x. Small-cap stocks had 150 advancing and 172 declining, with a ratio of 0.87x.
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