S&P/TSX 60 Rises 0.85% as Enerflex Soars 17.66% Amid Strong Market Momentum

6 hours ago
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The S&P/TSX 60 index rose by 0.85%, continuing a positive trend with a 1.52% increase over the past week and a 3.93% gain in the last month, signaling strong momentum in the Canadian market. Constellation Software, Inc. led large-cap gains at 6.02%, while Celestica, Inc. fell by 5.18%. In the mid-cap sector, Lumine Group, Inc. surged 8.75%, contrasting with Gildan Activewear's 3.06% decline. Small-cap Enerflex Ltd. excelled with a 17.66% return, while Sucro Ltd. dropped 8.75%. The overall market showed a favorable advance-decline ratio of 2.16x, indicating broad positive sentiment.
S&P/TSX 60 Rises 0.85% as Enerflex Soars 17.66% Amid Strong Market Momentum
The S&P/TSX 60 index experienced a positive day, rising by 0.85%. Over the past five days, the index has shown a robust increase of 1.52%, and it has surged by 3.93% over the last 30 days, indicating a strong upward trend in the Canadian market.
In terms of individual performance, Constellation Software, Inc. led the large-cap sector with a notable return of 6.02%, while Celestica, Inc. lagged behind with a decline of 5.18%. The mid-cap sector saw Lumine Group, Inc. excel with an impressive return of 8.75%, contrasting with Gildan Activewear, Inc., which fell by 3.06%. Among small-cap stocks, Enerflex Ltd. stood out with a remarkable return of 17.66%, while Sucro Ltd. faced challenges, declining by 8.75%. The overall market showed a healthy advance-decline ratio, with 482 stocks advancing compared to 223 declining, resulting in a ratio of 2.16x. This positive sentiment was echoed across market caps, with large-cap stocks at a ratio of 2.47x, mid-cap stocks at 3.79x, and small-cap stocks at 2.35x, reflecting a strong performance across the board.

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