'Good news for the TSX': Commodity stocks oust financials as Canadian market heavyweights

📆 2022/04/19 7:31:00
📰 nationalpost

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 80%

日本ニュースニュース

日本最新ニュース,日本見出し

Energy and materials companies now constitute about 31.07 per cent of the S\u0026P/TSX Composite Index, surpassing Canada\u0027s banks, insurers and asset managers

The S&P/TSX Energy Sector Index has rallied 34 per cent this year and the S&P/TSX Materials Index climbed 26 per cent, while financials have dropped 1.4 per cent. Copper miner Turquoise Hill Resources Ltd. and oil and gas producer Vermilion Energy, Inc. are leading gains on the benchmark, soaring 79 per cent and 73 per cent respectively this year. Meanwhile, financials erased their strong start to the year, with four of the Big Six banks turning negative this month. CI Financial Corp.

The reversal in sector weightings could be a boon for the Canadian stock market this year as investors seek companies that stand to benefit from volatile global sentiment. At one point this month the Canadian benchmark had outperformed the S&P 500 by the widest gap in a quarter in 13 years. “The TSX is heavy on commodities and light on technology and health care versus the U.S. markets,” Taylor said. “With technology stocks under pressure with rising interest rates, this could be a great environment for the TSX to outperform.”

コメントを書く

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。続きを読む:

日本最新ニュース, 日本見出し

Similar News:他のニュースソースから収集した、これに似たニュース記事を読むこともできます。

It’s go-time for buying GICs. Plus, best Canadian dividend ETFs and an ominous sign for TSX bank stocksA roundup of investment ideas for active investors LOL What bad advice.
ソース: globeandmail - 🏆 5. / 92 続きを読む »

日本 最新ニュース, 日本 見出し

日本最新ニュース, 日本見出し