The Canadian Vanguard Stock Market Report – Wednesday, March 12, 2025
.
Follow us for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing
.
The Toronto Market
The TSX composite index advanced 175.14 points or 0.72% to close the session at 24,423.34. The market terminated two consecutive sessions of declines today. One day of positive performance is nice to have but for the purpose of data analysis, it is just another day’s data. The market, technically, remains in correction.
The Market Breadth: The market was quite positive today, as eight of the ten major sectors of the TSX gained. Technology, up 1.94%, was the top sector today; Energy gained 1.08%; Basic Materials advanced 0.82%; Financials was up 0.64% as BMO, CM, TD and RY stocks were all up above 0.60% today; Industrials gained 0.44%; Healthcare gained 0.39%; Discretionary Consumer Goods & Services gained 0.24%; and Utilities gained 0.13%. Telecommunications Services, down -1.54% was the laggard today.
Industry Groups: The top five industry groups at the TSX today were: Computer Hardware, up 6.77%; Advanced Medical Equipment, up 3.39%; Electrical Components & Equipment, up 2.97%; IT Services & Consulting, up 2.90%; Communications Equipment, up 2.69%.
Today’s Statistics: The issues that gained (Advancers) outnumbered those that declined (Decliners). There were roughly six Advancers for every five Decliners or a more exact ratio of 1.34-to-1.0. In real numbers, there were 1,126 Advancers to 837 Decliners while 140 stocks remained Unchanged.
Today, there were 30 new 52-Week Highs and 33 new 52-Week Lows.
The total volume of shares traded at the TSX today was 469,464,953 or about 25% less compared to the volume of 626,473,001 shares traded yesterday.
Market Roundup: Today marked the first day of a market rally attempt. The market, however, has had, in the last few weeks, a number of one-day or two-day rally attempts that quickly failed so we must wait for more daily data before confirming the rally.
.
The US Markets
We had a mixed session today. The Dow Jones Average index was down -82.55 points or -0.205 to close at 41,350.93. The S&P 500 index gained 27.23 points or 0.49%. The Nasdaq Composite was star of the session. NASDAQ advanced 212.35 points or 1.22%, to close at 17,648.45. The markets improved on yesterday’s performance but Dow Jones Average remains stuck in the downtrend.
The market’s performance driver today was the CPI report which showed February inflation was tamer than had been expected. Also driving the markets’ outlook is President Trump’s tariff increases on America’s trading partners and the possibility of a global trade war. Today, for example, 25% tariffs on all steel and aluminum imports from Canada became effective. Canada will retaliate by imposing additional tariffs on $29.8 billion worth of imports from the US. The European Union announced retaliatory tariffs on a range of imports from the US including bourbon whiskey and vehicles.
The CPI report showed that consumer inflation slowed slightly in February. January’s inflation had been higher than was expected. Investors appear more concerned about tariffs hindering growth but less concerned about inflation.
The Market Breadth: Only four of the markets’ major sectors gained today. Technology, up 1.54%, was the top sector. Energy followed with 0.68% gain; Discretionary Consumer Goods & Services was up 0.65%; and Financials was up 0.59%. Utilities was down slightly, down -0.02%; Telecommunications Services declined -0.89%; and Durable Consumer Goods & Services was down -1.70%.
Industry Groups: The top five industry groups at the US markets today were: Marine Port Services, up 17.04%; Auto & Truck Manufacturers, up 4.34%, Tesla’s gain today contributed to that gain; Semiconductors, up 4.24%; Aluminum, up 3.67%; and Advertising / Marketing gained 3.50%.
Today’s Market Statistics: At the NYSE, the issues that gained (Advancers) outnumbered the issues that declined (Decliners). There were one Advancer for every Decliner– or an exact ratio of 1.15-to-1.0. In actual numbers, there were 2,225 Advancers to 1,930 Decliners with 341 Unchanged.
There were 29 new 52-Week Highs and 186 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 5,342,736,595 or 16% less, compared to the volume of 6,331,342,038 shares traded yesterday.
On the NASDAQ, the Advancers outnumbered the Decliners. There was roughly one Advancer for every Decliner or an exact ratio of 1.15-to-1.0. In actual numbers, there were 2,617 Advancers to 1,814 Decliners with 216 Unchanged.
There were 39 new 52-Week Highs and 219 new 52-Week Lows.
The total volume of shares traded at the NASDAQ was 8,040,404,903, or 15% less, compared to the volume of 9,382,421,333 shares traded on Friday.
Oil Price: U.S. crude Oil price was up slight today to $67.68 per barrel, up 2.2%, a barrel this afternoon. Oil price was at $67.63 a barrel as of the time (11:30pm EDT, Wednesday) of the last update of this post today.
10 –year Treasury Yield: The US 10-year Treasury yield was up slightly at 4.314% this afternoon. The five-year yield was down at 4.077%.
After-hours action: Stock futures were down slightly after hours. The Dow futures was down -0.05% vs. fair value. S&P 500 futures was down -0.14%, and Nasdaq 100 futures was down -0.31% as of the time (11:30pm EDT, Wednesday) of this post update. We provide future’s market information only as news item only. The performance at futures market is often not a good predictor of the performance at the following day’s regular market session.
Market Roundup Report: Today’s market session was different in that the stocks that had defied the market choppiness in recent previous sessions declined today, while stocks that declined heavily because of the markets’ choppiness were the largely the gainers today. Most of those stocks suffered major declines, resulting in damaged charts. Such stocks would need to time repair the damage, as such it would some time in the future that we would be ready to invest in those stocks.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
A rally attempt began today, the Canadian big six recovered some of the declines of previous sessions. BMO stock was looking strong prior today’s rally and had a strong performance today. Given the choppiness of the past few weeks, the real issue at this time is not the individual stocks but on whether the rally endures and gets confirmed.
Blended Growth Stocks Watchlist
The Technology sector had a good performance today as the chip manufacturers rallied. NASDAQ was up but the volume of shares traded was down which is the opposite of what we would need to happen in order to confirm the rally today.
EV, Energy and Resource Stocks Watchlist
Tesla Inc’s TSLA stock was up 7.6% today with 142M shares changing hands. That is impressive – really liquid stock. TSLA stock is up two consecutive sessions. The stock suffered major declines in recent past sessions and the chart indicated a damaged stock. The stock will need some time to get repaired but the market will always do what it wishes to do, so the repair may take place sooner than we would normally expect. We shall keep an eye on the stock and on the new energy stocks in the watchlist below for our readers. The BYD Company is the biggest EV manufacturer in China where the stock averages millions of shares traded per day, but the stock averages less than 85K shares sold per session in the US markets. We would normally prefer stocks with a minimum of 250k shares traded per day.
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.
SUBSCRIPTION Offer: We thank you for following our Stock Market reports but please be aware that we shall soon be restricting these articles to subscribers only.
We do not send this publication by email to readers. If you receive a copy by email please simply forward the email to us.
Our reports are composed by humans after proper analysis and detailed research. It is neither AI nor machine generated.
