TSX Midday Stock Market Movers: Nuvista Energy, Hut 8 Mining, Lightspeed Commerce
Investing.com
Published Apr 26, 2022 12:06
By Ketki Saxena
Investing.com — At noon in Toronto, the S&P/TSX Composite Index was at 20,816 points or down -0.93% in the day’s trading, extending losses from yesterday.
The TSX continued to be weighed down by the prospect of aggressive rate hikes from the Bank of Canada and the Federal Reserve, the Russia-Ukraine crisis, and worries of an economic slowdown exacerbated by lockdowns in China.
Sectors
Energy (2.28%) was the only sector in the green as of midday, following a slight increase in oil prices today as markets grapple with supply concerns related to Russia and worries of slowing Chinese demand.
All other TSX sectors were in the red, with key sectors tech (-2.63%), financials (-1.31%) and materials (-0.38%) weighing heaviest on the index. Consumer Discretionary (-2.61%) and healthcare (-2.19%), particularly cannabis companies also led losses on the TSX today.
Stocks
Energy and resources stocks were the biggest gainers on the TSX today as the sectors recovered from yesterday’s sell-off, and ahead of earnings from Canadian energy companies, which kick off this week.
NuVista Energy Ltd . (TSX:NVA) (+8.03%), Parex Resources (TSX:PXT) (+5.06%), Whitecap Resources (TSX:WCP) (+4.40%), PrairieSky Royalty (TSX:PSK) (+4.26%), and MEG Energy Corp (TSX:MEG) (+4.00%) were the biggest gainers so far today.
Hut 8 Mining Corp (TSX:HUT) (-7.23%), Lightspeed Commerce (TSX:LSPD) (-6.00%), Lion Electric Corp (TSX:LEV) (-5.73%), Bombardier Inc (TSX:BBDb) (-5.51%), and Aritzia Inc (TSX:ATZ) (-5.50%) were the biggest losers as of midday.
Notably, Air Canada (TSX:AC) (-5.28% following a larger than expected quarterly loss reported today), and Cenovus Energy (TSX:CVE) (+2.91% ahead of earnings tomorrow) were amongst the most traded stocks on the TSX today.
Get The App
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.