S&P/TSX 60 Plummets 2.88% as BCE, Inc. Shines with 2.41% Gain

7 hours ago
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The S&P/TSX 60 index fell by 2.88%, reflecting broader market challenges with a significant decline in the advance-decline ratio, where only 176 stocks advanced against 544 that declined. Over the past five days, the index dropped 3.21%, while the last 30 days saw a slight decrease of 0.87%. Notable performances included BCE, Inc. with a 2.41% gain, contrasted by Kinross Gold Corp.'s 13.06% loss. In mid-caps, Brookfield Renewable Partners LP rose 6.03%, while small-cap Frontera Energy Corp. surged 42.86%, indicating a cautious market sentiment amid volatility.
S&P/TSX 60 Plummets 2.88% as BCE, Inc. Shines with 2.41% Gain
The S&P/TSX 60 index experienced a notable decline, down 2.88% overall, with a sharper drop of 3.21% over the past five days. In the last 30 days, the index has decreased by 0.87%. This downward trend reflects broader market challenges, as evidenced by the advance-decline ratio across all market capitalizations, where 176 stocks advanced compared to 544 that declined, resulting in a ratio of 0.32.
In the large-cap segment, BCE, Inc. emerged as the top performer with a return of 2.41%, while Kinross Gold Corp. struggled significantly, posting a return of -13.06%. Mid-cap stocks saw Brookfield Renewable Partners LP leading with a return of 6.03%, contrasted by China Gold International Resources Corp. Ltd., which fell by 17.02%. The small-cap sector was highlighted by Frontera Energy Corp., which surged 42.86%, while TRX Gold Corp. faced a steep decline of 26.1%. Overall, the market sentiment remains cautious as investors navigate through these fluctuations, with a clear disparity between advancing and declining stocks across all capitalizations.

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