S&P/TSX 60 Rises 1.1% as Advance-Decline Ratio Hits 2.27x; Digihost Soars 24.58%
The Canadian equity market experienced a positive day, with the S&P/TSX 60 index rising by 1.1%, reflecting a steady upward trend over the past week and month. Notable performers included Celestica, Inc., which surged by 14.95%, and Digihost Technology, Inc., with a remarkable 24.58% increase in the Small Cap sector. However, Canadian National Railway Co. and Empire Co. Ltd. faced declines. The overall market sentiment was strong, evidenced by a favorable advance-decline ratio of 2.27x, indicating broad-based gains across various market segments.
The Canadian equity market showed positive momentum today, with the S&P/TSX 60 index rising by 1.1%. Over the past five days, the index has gained 1.13%, while it has increased by 0.7% over the last 30 days, indicating a steady upward trend.In terms of individual stock performance, Celestica, Inc. emerged as the top performer in the Large Cap category, boasting a return of 14.95%. Conversely, Canadian National Railway Co. faced challenges, recording a decline of 2.31%. In the Mid Cap sector, First Majestic Silver Corp. led with an 8.88% return, while Empire Co. Ltd. fell by 2.05%. The Small Cap segment saw Digihost Technology, Inc. excel with a remarkable return of 24.58%, while Dye & Durham Ltd. struggled, declining by 6.27%.
The overall market's advance-decline ratio was favorable, with 476 stocks advancing compared to 210 declining, resulting in a ratio of 2.27x. This positive sentiment was echoed across market caps, particularly in the Small Cap sector, where 229 stocks advanced against 105 that declined, yielding a ratio of 2.18x.
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