S&P/TSX 60 Rises 1.06% as Cameco Corp. Soars 5.2% Amid Strong Market Momentum

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The Canadian equity market experienced a positive day, with the S&P/TSX 60 index rising 1.06% and reflecting a 5.26% increase over the past month, signaling a strong recovery. Cameco Corp. led large-cap gains at 5.2%, while Imperial Oil Ltd. fell by 2.24%. In the mid-cap sector, The Descartes Systems Group excelled with a 14.37% return, contrasting with First Majestic Silver Corp.'s 4.24% loss. Small-cap stocks showed mixed results, highlighted by EQB, Inc.'s 12.85% gain and Sucro Ltd.'s 19.23% decline. The overall market breadth was healthy, with more advancing stocks than declining ones.
The Canadian equity market showed positive momentum today, with the S&P/TSX 60 index rising by 1.06%. Over the past five days, the index has gained 0.48%, and it has surged by 5.26% over the last month, indicating a robust recovery trend.

In the large-cap segment, Cameco Corp. emerged as the top performer, achieving a return of 5.2%. Conversely, Imperial Oil Ltd. lagged behind with a decline of 2.24%. The mid-cap sector saw The Descartes Systems Group, Inc. leading with an impressive return of 14.37%, while First Majestic Silver Corp. faced challenges, posting a loss of 4.24%. Among small-cap stocks, EQB, Inc. excelled with a return of 12.85%, while Sucro Ltd. struggled significantly, declining by 19.23%.

The overall market's advance-decline ratio reflected a healthy breadth, with 362 stocks advancing compared to 304 declining, resulting in a ratio of 1.19x. Large-cap stocks showed even stronger performance, with 35 advancing against 17 declining, yielding a ratio of 2.06x. Mid-cap stocks also performed well, with 41 advancing and 24 declining, while small-cap stocks had a more balanced outcome with 170 advancing and 150 declining.

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