The Canadian Vanguard Stock Market Report – October 18-20, 2024 Weekend
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Your Data-Driven Stock Market Analysis And Report – The investor’s readiness guide for the week of October 21 market sessions.
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The Toronto Market, Friday
Friday, the TSX composite index advanced 132.06 points or 0.53% to close the market session at 24,822.54. The TSX was up three of the four market days this week as it advances higher in to record territory.
The Market Spread: The market spread remains broad-based but something was different today – Basic Materials led the sectors but stood out Basic Materials was up 3.05% while Discretionary Consumer Goods & Services was next but was up only 0.66%. Today’s market was dominated by Materials. Technology, up 0.63% was next; Utilities was up 0.42%; Telecommunications Services ended the session up 0.24% and Financials, up 0.23%, took a back seat today. Energy and Industrials down -0.075 and -0.22% respectively were the only decliners.
Week’s Review: This was a very good week at the TSX. All ten major sectors were up this week. Healthcare, up 10.78%, was in a class by itself this week. Basic Materials sector was up 4.82%; Utilities was up 3.96%; Financials was up 2.24%; Telecommunications Services was up 1.36%; Discretionary Consumer Goods & Services was up 1.29%; Technology, up a mere 0.07% took the back seat. 0.35%.
Industry Groups: Publishing led the day with 7.94% gain. Precious Metals & Minerals was up 4.33%; Industrial Machinery & Equipment was up 3.23%; Retail – Apparel & Accessories was up 3.17% and Marine Port Services was up 2.87%. Textiles & Leather Goods, down -8.00% was the worst performing industry today.
Today’s Statistics: Today, the gaining issues (Advancers) outnumbered the declined issues (Decliners) by a ratio of 3.07-to-1.0 or simply, there were eight Advancers for every five Decliners. In real numbers, there were 1,392 Advancers, 453 Decliners while 140 stocks remained Unchanged.
The total volume of shares traded at the TSX today was 363,282,076 or 9.6% increase when compared to the volume of 331,254,136 shares traded on Thursday.
Today, there were 396 new 52-Week Highs and 19 new 52-Week Lows. By comparison, on Thursday, there were 379 new 52-Week Highs and 13 new 52-Week Lows.
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The US Markets
Friday, the Dow Jones Industrial Average was up 36.86 points or 0.09%, to close the market session at 43,275.91. The S&P 500 index gained 23.20 points, or 0.40%, to close at 5,864.67. The Nasdaq Composite advanced 115 points or 0.63%, to close the session at 18,489.55. The NASDAQ volume today was down about 12% compared to the volume on Thursday. The Dow Jones index was the laggard index today but the index was still up and in record territory.
The Market Spread: The US market remained in upbeat mood today. Nine of the major segments ended the session in green. Basic Materials led with 0.81% gain. Utilities was up 0.57%; Telecommunications Services was up 0.47% while Technology and Healthcare were each up 0.51%. Industrials was up 0.25% and Financials was up 0.17%. Energy, down -0.34%, was the sector to decline today.
For the week: Healthcare was up 20.49%; Financials was up 10.84%; Utilities was up 3.46%; Telecommunications Services was up 2.32%; Industrials was up 2.26%; Durable Consumer Goods & Services was up 1.09% and Basic Materials was up 1.03%. Energy was down -1.94%. We shall keep an eye on the Financials for likely continued rally in the new week starting Monday.
Industry Groups: Marine Port Services was up again today with 9.38% gain. Precious Metals & Minerals was up 4.01%; Tires & Rubber Products was up 3.21%; Aluminum was up 2.61% and Advanced Medical Equipment was up 2.44%. Precious Metals & Minerals has been up two consecutive sessions so we shall keep an eye on it. Consumer Electronics was the worst performing industry today. Sony Group Corp (ADR) and Vizio Holding Corp are members of the Consumer Electronics group.
Today’s Market Statistics: At the NYSE, the gaining issues (Advancers) outnumbered the declined issues (Decliners). The ratio was 1.54-to-1.0 or roughly for every eight Advancers there were five Decliners. In actual numbers, there were 2,364 Advancers to 1,535 Decliners to with 315 Unchanged. There were 450 new 52-Week Highs and 42 new 52-Week Lows, by comparison, yesterday, there were 496 new 52-Week Highs and 43 new 52-Week Lows.
The total volume of stocks traded at the NYSE today was 769,110,177 or 10% lower than the total volume of 855,745,645 stocks traded on Thursday.
On the NASDAQ, the Advancers outnumbered the Decliners by a ratio of 1.45-to-1.0, roughly for every seven Advancers there were five Decliners. In actual numbers, 2,525 Advancers to 1,741 Decliners with 278 Unchanged. There were 230 new 52-Week Highs but 44 new 52-Week Lows. On Thursday, there were 260 new 52-Week Highs and 66 new 52-Week Lows.
The total volume of stocks traded at the NASDAQ today was 5,938,061,059, a 9% increase compared to the total volume of 5,447,926,502 shares traded on Friday.
Oil Price: Oil price tumbled 8.4% to $69.22 a barrel this past week.
10 –year Treasury Yield: The US 10-year Treasury yield closed at 4.073%, slightly declining from the previous market sessions close of 4.095%. The five-year yield closed at 3.876%, down from 3.906%.
Regular Market Day Features
Beginner Investor’s (Canadian stocks) Watchlist
Beginner Investor’s Blended Growth Stocks Watchlist
EV, Energy and Resource Stocks Watchlist
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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