S&P/TSX 60 Rises 0.9% as Teck Resources Soars 4.36% Amid Strong Advance-Decline Ratio
The Canadian equity market demonstrated positive momentum, with the S&P/TSX 60 index rising 0.9% and gaining 1.07% over the past month. Teck Resources Limited led large-cap gains at 4.36%, while Cameco Corp. fell 3.19%. In the mid-cap sector, TFI International, Inc. surged 6.46%, contrasting with Northland Power's 3.62% decline. Small-cap stocks were volatile, highlighted by Dye & Durham's impressive 17.71% return, while The Good Flour Corp. dropped 14.88%. Overall, the market showed strength, with a favorable advance-decline ratio of 1.68x, indicating broad-based gains across various sectors.
The Canadian equity market showed positive momentum today, with the S&P/TSX 60 index rising by 0.9%. Over the past 30 days, this index has gained 1.07%, reflecting a steady upward trend. In the large-cap segment, Teck Resources Limited emerged as the standout performer, delivering a return of 4.36%. Conversely, Cameco Corp. struggled, posting a decline of 3.19%. The mid-cap sector saw TFI International, Inc. leading with a robust return of 6.46%, while Northland Power, Inc. faced challenges, declining by 3.62%.
Small-cap stocks exhibited significant volatility, with Dye & Durham Ltd. achieving an impressive return of 17.71%. However, The Good Flour Corp. lagged behind, experiencing a notable drop of 14.88%.
Overall, the advance-decline ratio across the market was favorable, with 411 stocks advancing compared to 245 declining, resulting in a ratio of 1.68x. In the large-cap category, 37 stocks advanced against 15 that declined, yielding a ratio of 2.47x. Mid-cap stocks also performed well, with a ratio of 2.78x, while small-cap stocks had a ratio of 2.12x, indicating broad-based market strength.
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