The Stock Market At Close – Monday, September 11
The Toronto Market
The Toronto TSX composite index gained 108.11points, or 0.54%, to close at 20,182.76. The gain at the TSX was broad based with all the market sectors gaining.
All the TSX sector’s except the energy sector gained today. The energy sector declined -1.08% following the decline in oil price during the market hours. The price of oil changes constantly during the day governed by in theory by the laws of supplied and demand. The Oil price that we indicate in this report is usually the price at 4pm right after market closing otherwise the price we publish is the price as at 9pm. The price at that time is from the Asian market.
Healthcare was the best performing sector on the TSX today with a gain of 2.98%. Technology followed with a gain of 1.6%. Financials gained 0.91%; Utilities gained 0.55%; Industrials gained 0.52%. The market gain came with a good spread. This, however, does not indicate that the decline from last week is over. We must always wait for confirmation. One market session is never enough to drive the conclusion.
Today’s Statistics: Today, the gaining issues (advancers) outnumbered the declined issues (decliners). The ratio of advancers to decliners was 1.54-to-1.00. In real numbers, 826 advancers to 535 decliners with 226 unchanged. There were 28 new 52-week highs and 34 new 52-week lows. The total volume of shares traded for gaining stocks was 201,776,430 or 61.5%; the total volume for declined stocks was 118,225,209 or 36.0% and 8,030,286 or 2.4% for “Unchanged”. The total volume of stocks traded today was 328,031,925.
The US Market
The Dow Jones Industrial Average gained 87.13 points, or 0.25%, to close at 34,663.72. The S&P 500 gained 29.97 points, or 0.67%, to close at 4,487.46. The Nasdaq Composite gained 156.37 points, or 1.14%, to close at 13,917.89.
The Durable Consumers Goods & Services sector was the best performing sector on the US side. Energy sector was the best performing sector today. Telecommunication Services gained 1.34%; Basic Materials gained 0.88%; Healthcare gained 0.78% and Financials gained 067% and Technology gained 0.59%.
Today’s Statistics: Today, the gaining issues (advancers) outnumbered the declined issues (decliners) on both the NYSE and NASDAQ. The ratio of advancers to decliners on the NYSE was 1.42-to-1. In real numbers, 2,265 advancers to 1,588 decliners with 308 unchanged. There were 101 new 52-week highs and 94 new 52-week lows. The total volume of volume-gaining stocks was 487,843,846 or 60.3%; the total volume of declined-volume stocks was 306,821,746 or 37.9%; and 14,463,912 or 1.8% “Unchanged”. The total volume of stocks traded on the NYSE today was 809,129,504.
On the NASDAQ, the ratio of advancers to decliners was 1.12-to-1. The advancers prevailed today. In real numbers, 2,283 advancers to 2,030 decliners with 408 unchanged. There were 59 new 52-week highs and 201 new 52-week lows. The total volume of volume-gaining stocks was 3,038,680,479 or 65.2%; the total volume of declined-volume stocks was 1,552,587,214 or 33.3% and 70,326,028 or 1.5% for “Unchanged”.
Stocks In The News/Stocks To Watch:
The Toronto Market
The Canadian big five banks were largely up today. Bank of Montreal (TSX:BMO) gained $1.41 or 1.23% to close the session at $115.60. The volume of share traded was 953.3K. Canadian Imperial Bank of Commerce (TSX:CM) gained $0.67 or 1.26% to close the market session at $53.86 with 1.7M shares changing hands.
Celestica Inc. (TSX:CLS), a company within the TSX technology sector continues to climb up the stock chart. Today Celestica gained 2.60% or $0.83 to close the session at $32.71 with a volume of 317K shares changing hands today. Cameco Corporation (TSX:CCO) is also a stock worth keeping an eye on.
The US Market
Technology stocks were driving the NASDAQ rally since the beginning of the year but that rally is currently wavering if not dead. However, some of the individual technology stocks are worth following especially based on their fundamentals. Meta Platforms Inc. (META) is one of such stocks. META today gained $9.67 or 3.25% to close today at $307.56. Total volume of shares traded today was 19.5M. Meta Platforms seems to be ready for another leg up.
MongoDB Inc. (MDB) is another technology stock that has defied the current problem with the rally. Today MDB gained $16.99 or 4.50% to close at $394.28. The volume of shares traded was 1.3M.
PDD Holdings Inc., Pinduoduo is one the Chinese ADRs listed on the US market. The company sells to the low end of the market but whatever they are doing appears to be working. Pinduoduo (PDD) appears to be a stock with lots of room to grow. It is may be worth a slot in one’s watchlist. The stock has been a member of the Canadian Vanguard Chinese Stock watchlist for some time. Today, the stock gained $2.06 or 2.16%. the volume of shares traded was 9.1M.
Palo Alto Networks (PANW) is one of the major players in the Cyber Security space. The company’s fundamentals are good. Please do your own research to confirm. Today, PANW stock gained $4.40 or 1.77% to close at $253.14 . The volume of shares traded was 2.4M.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
The Canadian Vanguard Chinese Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
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