The Canadian Vanguard Stock Market Report At Close – Friday, December 1, 2023

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Friday’s  Market Report And Analysis For  Monday’s Market Winning Trades And Profitable  Investing

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The Toronto Market

The TSX was up 216.58 points or 1.07% to close at 20,452.87.  The TSX composite appears secure high above 20,000 points level.  The rally is getting quite robust. It is cautionary to remember though that nothing goes up forever.

                                                                                                                                                       

The market was broad-based positive. All the sectors ended the market session in green on Friday.  Telecommunication Services, up 2.54%, was the top performing sector. Industrials followed with 1.98% gain. Durable Consumer Goods & Services gained 1.71%; Basic Materials gained 1.55%; Healthcare gained 1.36%; Utilities gained 1.16% while Energy with 0.11% gain had the smallest gain of the session among the sectors. Technology gained 1.16% and Financials gained 0.86%.

It was a day of quality size gains. The Auto & Truck Manufacturers industry was up 6.84%; Highways and Railtracks industry was up 4.35%. Heavy Electrical Equipment gained 3.47% while the Broadcasting industry gained 3.34%.

Friday’s session was a very positive market for traders. Risks aversion clearly too a back seat during the market session. Stocks gained all round.

Today’s Statistics: The gaining issues (advancers) outnumbered the declined issues (decliners) by a ratio of 4.29-to-1.00 or for every twenty one gainers there were five decliners. In real numbers, 1,192 advancers to 278 decliners with 178 Unchanged. That is robustly bullish. Risk aversion took a back seat during the market session especially given that it was a Friday session. The current rally has legs and may even be developing “wings”. It is important to always remember a stock could only keep climbing for a number of session before topping or needing catch some breath. The total volume of shares traded for gaining stocks was 275,459,490 or 75.4%; the total volume for declined stocks was 75,599,145 or 20.7% and 14,292,110 or 3.9% for “Unchanged”.

There were 102 new 52-Week Highs and 25 new 52-Week Lows. The bullish trend is actually getting more robust.

The total volume of stocks traded at the TSX today was 365,350,745 compared with 529,084,064 yesterday, a 30% decrease. Today’s volume of 365,350,745 is just slightly higher than the average of the ten most recent market sessions.

 

The US Markets

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The Dow Jones Industrial Average closed up 294.61 points, or 0.82%, to close at 36,245.5. The S&P 500 was up 26.83 points, or 0.59%, to close at 4,594.63. The Nasdaq Composite declined 78.81 points or 0.55%, to close at 14,305.03. All the indexes gained. Volume was down slightly on the NASDAQ but significantly, -18% on the NYSE.

It was a day of broad-based gain. Basic Materials led the sectors with 1.86% gain. Industrials gained 1.54%; Durable Consumer Goods & Services gained 1.37%; Utilities gained 1.36%; Telecommunications Services gained 1.27% and Healthcare gained 0.57%. Financials gained 1.48%, best performance in a while and Technology gained 0.33%. AI driven stocks’ gains appear headed for the rear view mirror for now

Rails & Roads – Passengers up a hefty 7.82% was the top industry performer. The Banking industry staged its best performance in months with a 4.93% gain. Appliances, Tools & Housewares industry gained 4.49%; Commercial Printing Services gained 4.46% and Advertising/Marketing continues several market sessions of good performance gaining 4.29%.

Today’s Market Statistics: On the NASDAQ, the advancers outnumbered the decliners on a ratio of seventeen advancers to every five decliners. In real numbers, there were 3,388 advancers to 1,000 decliners with 275 unchanged.  The total volume of volume-gaining stocks was 4,515,384,969 or 78.4%; the total volume of declined-volume stocks was 1,222,540,992 or 21.2% and 22,279,908 or 0.4% for “Unchanged”.

There were 170 new 52-Week Highs and 99 new 52-Week Lows.

The total volume of shares traded today was 5,760,205,869 compared to 5,917,706,643 yesterday, a 3% decrease. The volume of stocks traded today at 5,760,205,869 was about eight per cent higher than the average volume of the ten most recent market sessions.

The volumes today are down slightly, 3%, from the volume yesterday, the bullish mode appears to actually be gaining more strength. It is of course important to remember that nothing goes up for ever, especially at the stock market. At the stock market, most times somebody has to lose for the other person to gain. The market outlook remains uptrend positive.

Regular Market Day Features

Beginner Investor’s (Canadian stocks) Watchlist

The Canadian Vanguard Chinese Stocks Watchlist

EV, Energy and Resource Stocks Watchlist  

IMPORTANT NOTICE

Readers are reminded that the market’s performance at the following day’s market session may completely differ from the market performance at the overnight markets.

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