AGL 5.51 Increased By ▲ 0.11 (2.04%)
ANL 8.49 Decreased By ▼ -0.30 (-3.41%)
AVN 75.73 Decreased By ▼ -0.43 (-0.56%)
BOP 5.21 Increased By ▲ 0.04 (0.77%)
CNERGY 4.42 Decreased By ▼ -0.06 (-1.34%)
EFERT 81.53 Increased By ▲ 0.43 (0.53%)
EPCL 49.54 Increased By ▲ 0.54 (1.1%)
FCCL 12.68 Decreased By ▼ -0.02 (-0.16%)
FFL 5.52 Decreased By ▼ -0.07 (-1.25%)
FLYNG 6.74 Decreased By ▼ -0.24 (-3.44%)
FNEL 4.64 Increased By ▲ 0.01 (0.22%)
GGGL 8.45 Decreased By ▼ -0.14 (-1.63%)
GGL 13.85 Decreased By ▼ -0.21 (-1.49%)
HUMNL 6.03 Increased By ▲ 0.53 (9.64%)
KEL 2.56 Decreased By ▼ -0.04 (-1.54%)
LOTCHEM 27.62 Decreased By ▼ -0.09 (-0.32%)
MLCF 23.75 Increased By ▲ 0.07 (0.3%)
OGDC 71.22 Decreased By ▼ -0.23 (-0.32%)
PAEL 15.16 Decreased By ▼ -0.04 (-0.26%)
PIBTL 4.87 Decreased By ▼ -0.04 (-0.81%)
PRL 15.86 Increased By ▲ 0.06 (0.38%)
SILK 1.09 Increased By ▲ 0.04 (3.81%)
TELE 8.84 Decreased By ▼ -0.15 (-1.67%)
TPL 7.08 Decreased By ▼ -0.08 (-1.12%)
TPLP 19.20 Decreased By ▼ -0.02 (-0.1%)
TREET 20.87 Decreased By ▼ -0.27 (-1.28%)
TRG 136.73 Decreased By ▼ -0.02 (-0.01%)
UNITY 16.54 Decreased By ▼ -0.26 (-1.55%)
WAVES 9.16 Increased By ▲ 0.06 (0.66%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 4,158 Decreased By -27.7 (-0.66%)
BR30 15,339 Decreased By -127.2 (-0.82%)
KSE100 41,652 Decreased By -167.7 (-0.4%)
KSE30 15,380 Decreased By -68.1 (-0.44%)
Markets

TSX flat as healthcare gains counter commodity-related weakness

  • Toronto Stock Exchange's S&P/TSX composite index was up 3.3 points, or 0.02%, at 20,590.62
Published August 26, 2021
Follow us

Canada's main stock index took a breather on Thursday after hitting record highs in the previous session, as weakness in commodity-related stocks were offset by gains in healthcare stocks.

At 10:05 a.m. ET (14:05 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 3.3 points, or 0.02%, at 20,590.62, with healthcare and industrial stocks among the top gainers, both up 1.8% and 0.4% respectively.

Both energy stocks and miners were among the biggest drags.

Recouping losses from last week, the benchmark index was set to record its seventh straight month of gains driven by heavyweight technology stocks, up 6.7% so far this month.

"The TSX appears poised to set new record highs... it has begun this week with many sectors re-accelerating and earnings coming in better than expected," said Brandon Michael, senior investment analyst at ABC Funds.

Blast outside Kabul airport kills at least 13, including children: Taliban official

Despite strong earnings from Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, the financials sector was flat.

Investors are looking ahead to US Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole event on Friday for cues on the timeline of monetary tapering.

HIGHLIGHTS

The largest percentage gainers on the TSX lumber provider Canfor Corporation and Interfor Corporation both up 2.8% and 1.6% respectively.

Miner First Majestic Silver Corp fell 1.9%, the most on the TSX, followed by IT service provider Dye & Durham Limited, down 1.8%

The TSX posted six new 52-week highs.

On the TSX, 92 issues were higher, while 127 issues declined for a 1.38-to-1 ratio to the downside, with 6.74 million shares traded.

Comments

Comments are closed.

TSX flat as healthcare gains counter commodity-related weakness

SBP-held foreign exchange reserves fall $784mn, now stand precariously at $6.71bn

IATA says Pakistan has blocked $225mn in airline funds from repatriation

Daily Mail apologises to PM Shehbaz over 'corruption allegations'

Saudi Arabia signs Huawei deal, deepening China ties on Xi visit

Rupee continues to depreciate, settles at 224.37 against US dollar

Roshan Digital Account: monthly inflow lowest since Dec 2020, clocks in at $141mn in Nov

Saif-ur-Rehman appointed Karachi administrator

IHC bars FIA from arresting Suleman Shehbaz upon return from UK

Pakistan seeking $4.2bn from Saudi Arabia: reports

Another audio, purportedly of Bushra Bibi discussing ‘sale of watches’, surfaces