The Canadian Vanguard Stock Market Report At Market Close – Wednesday, January 22, 2025
.
Follow us for Data-Driven Analysis and Insights To Guide Your Trading and Smart Investing
.
The Toronto Market
The TSX composite index was up 29.87 points or 0.12% to close the market session at 25,311.50. The TSX is now comfortably entrenched above the 25,000 point level.
The Market Breadth: Six of the major sectors ended the market session with gains at the TSX today. Industrials was up 1.24% to lead the sectors. Durable Consumer Goods & Services was up 1.06%; Technology was up 0.72%; Basic Materials gained 0.37%; Telecommunications Services gained 0.06%; and Healthcare gained 0.02%. Discretionary Consumer Goods & Services declined -0.23%; Energy was up -0.24%; Financials declined -0.28%; and Utilities was down -1.25%.
Industry Groups: Semiconductors was up 14.86%; Textiles & Leather Goods was up 14.29%; Casinos & Gaming was up 6.31%; Electrical Components & Equipment was up 4.48%; and Engineering & Construction was up 3.67%. On the TSX the Semiconductors industry comprises of relatively very small cap companies so incidents of two digit daily gains occur once a while but they are had to analyze for potential market performance because the occurrences are very random and volatile with wild swings. Some small caps are so illiquid that declines or gains of 50% at a market session are not uncommon. That is the reason risk averse investors stay clear of penny stocks.
Today’s Statistics: Today, the number of issues which gained (Advancers) outnumbered the issues which declined (Decliners). There were eleven Advancers for every ten Decliners or a more exact ratio of 1.15-to-1.0. The number of Advancers was almost the same as the number of decliners. In real numbers, there were 1,036 Advancers to 896 Decliners while 157 stocks remained Unchanged.
Today, there were 202 new 52-Week Highs and 12 new 52-Week Lows. By comparison, there were 153 new 52-Week Highs and 8 new 52-Week Lows yesterday.
The total volume of shares traded today at the TSX was 319,534,874, which is 62% more when compared to the volume of 197,300,412 shares traded yesterday.
.
The US Markets
The Dow Jones Index was up 130.92 points or 0.30% to close at 44,156.73. The S&P 500 index gained 37.13 points or 0.61% to close at 6,086.37. The Nasdaq Composite advanced 252.56 points or 1.28%, to close at 20,009.34. Nasdaq was the top performing index today, doubling the performance of S&P 500 the nearest index in percentage terms. There was a catch that investors should be aware of – the Nasdaq performance today was singularly driven by the Technology sector only. The market breadth was not broad today.
The Market Breadth: Today at the US markets, it was all about the Technology sector and essentially comprising of NASDAQ stocks. Today, Technology sector was up 1.88%, and was not only the top sector but was the only sector to end the session and without declining. All the other major sectors declined at the market session. Telecommunications Services, down -0.14% was the next best performer today. Discretionary Consumer Goods & Services was down -0.16%; Industrials declined -0.19%; Healthcare declined -0.21%; and Durable Consumer Goods & Services was down -0.37%; Financials declined -0.45%; Basic Materials declined -0.83%; Energy declined -1.50%; and Utilities declined -1.78%. The major indexes gained today but gains were driven by Technology companies.
Industry Groups: Software was up 3.02%; Semiconductors was up 2.99%; Computer Hardware was up 2.48%; Electrical Components & Equipment gained 2.03%; and Retail – Catalog & Internet gained 1.81% today. Today, at the US markets, Technology sector truly dominated and exclusively.
Today’s Market Statistics: At the NYSE, the number of issues which declined (Decliners) was greater than the number of issues which gained (Advancers). There were three Decliners for every two Advancers or an exact ratio of 1.55-to-1.0. In actual numbers, there were 2,505 Decliners to 1,618 Advancers with 339 Unchanged.
Today, there were 271 new 52-Week Highs and 57 new 52-Week Lows. By comparison, yesterday, there were 264 new 52-Week Highs and 39 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 1,531,520,251 or 51% more when compared to the volume of 1,010,717,723 stocks traded on Friday.
On the NASDAQ, the Decliners outnumbered the Advancers. There were seven Decliners for every five Advancers or an exact ratio of 1.4-to-1.0. In actual numbers, 2,571 Decliners to 1,835 Advancers with 244 Unchanged.
Today, there were 190 new 52-Week Highs and 101 new 52-Week Lows. By comparison, on yesterday there were 166 new 52-Week Highs and 94 new 52-Week Lows.
The total volume of shares traded at the NASDAQ today was 7,452,689,003, or 10% less when compared to the volume of 8,239,827,814 shares traded yesterday.
.
Stock in the News /Stock To Watch
The Toronto Markets
The Toronto is full of mining companies and of course mining stocks. In fact, one could argue that it would be impossible to produce a complete market covering the Toronto market without mentioning Mining or Oil & Gas companies. Investors make big money on the TSX just like investors do on the NASDAQ, NYSE or S&P 500 in the US. Today we are featuring a mining whose stock doubled in price last year. The company is Agnico Eagle Mining Ltd. The mining stocks have always rewarded patient investors handsomely.
Agnico eagle Mines Ltd stock (TSX:AEM) closed today January 22 at $128.38, up 1.01% or $1.28 with 602K shares traded. AEM stock closed on January 23, 2024 at $67.99 with 772K shares traded. The AEM stock closed on January 24, 2024 at $66.22 with 1.56M shares traded. The stock closed on February 13, 2024 at $61.03 with 2.25M shares traded. If an investor purchased 100 shares of AEM stock on January 23, 2024 he or she would have paid $6799.00 plus say $10.00 depending on your trading brokerage firm. If you sold the 100 shares today you would have pocketed $12,838 minus $10.00 or less commission of course.
If you prefer the weekly chart, for example if you check your stocks against the 10-week line before you trade, below is the one year, weekly chart for the same company. The charts presented here are images, as such, you will not be able to read exact figures off them. If you need directly usable charts for trade execution then talk to us but you may need to subscribe – not expensive but not free.
Readers are reminded that the market will always do what it wishes to do. That the Agnico Eagle Mins stock doubled in the last one year does not mean that the stock will double in price in one year’s time. the tock may decline or even double in six month’s time. Investors should never invest based on hope. Investors should invest based on results from data analysis – data analysis from us will always do and the particular company’s fundamentals. Earnings are always important.
.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Blended Growth Stocks Watchlist
EV, Energy and Resources 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.
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. We do not, like AI, make things up.
