S&P/TSX 60 Rises 0.75% as Kinross Gold Soars 4.7% Amid Strong Market Momentum
The S&P/TSX 60 index rose by 0.75%, reflecting a strong upward trend with a 2.89% increase over the past week and 2.48% over the month. Kinross Gold Corp. led large-cap gains at 4.7%, while Sun Life Financial fell by 2.32%. In the mid-cap sector, First Majestic Silver Corp. surged by 8.52%, contrasting with iA Financial's 3.28% decline. Small-cap stocks excelled, with Santacruz Silver Mining achieving an 18.91% return, despite Empress Royalty's 9.68% drop. The overall market showed a healthy advance-decline ratio of 2.09x, with small caps performing particularly well at 2.2x.
The S&P/TSX 60 index experienced a positive day, rising by 0.75%. Over the past five days, the index has shown a robust increase of 2.89%, while it has gained 2.48% over the last month. In the large-cap segment, Kinross Gold Corp. emerged as the top performer with a return of 4.7%. Conversely, Sun Life Financial, Inc. lagged behind, recording a decline of 2.32%. The mid-cap sector saw First Majestic Silver Corp. leading with an impressive return of 8.52%, while iA Financial Corp., Inc. faced a setback with a drop of 3.28%.
Among small-cap stocks, Santacruz Silver Mining Ltd. stood out with a remarkable return of 18.91%, whereas Empress Royalty Corp. struggled, posting a decline of 9.68%.
Overall, the market showed a favorable advance-decline ratio, with 448 stocks advancing compared to 214 declining, resulting in a ratio of 2.09x. The small-cap segment had the strongest performance in this regard, with 218 advancing stocks against 99 declining, yielding a ratio of 2.2x.
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