P.M. market numbers: August 5, 2009

By Staff | August 5, 2009 | Last updated on August 5, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market ended Wednesday in positive territory, posting a small gain as oil prices and the base metals sector provided lift for the second day in a row.

The S&P/TSX composite index inched up 28.83 points to end the day at 11,046.93, a day after a 230-point surge saw it climb to close above 11,000 points for the first time in 10 months.

However, investors appear wary of taking the market too high too quickly and analysts were expecting stocks to drift after such a big move.

The price of oil also turned positive in afternoon trading, adding 55 cents to US$71.97 a barrel for the September contract on the New York Mercantile Exchange. Toronto’s energy sector was down 0.6%.

The base metals sector led the way to Wednesday’s gain, adding 1.8% on investor optimism about the economy, growing demand in China and a weaker U.S. dollar.

The loonie, which has soared ever closer to parity in recent weeks as commodity prices have strengthened, added 0.38 cent to 93.45 cents US.

The gold sector fell 0.6% as the December bullion contract on the Nymex lost $3.40 to US$966.30 an ounce.

In New York, markets were lower after a trade group said its measure of the health of the U.S. services sector contracted more sharply than expected in July.

The Institute for Supply Management’s services index clocked in at 46.4, down from 47 in June. It’s the 10th straight month of decline, as any reading below 50 indicates the sector is shrinking. Analysts had expected a reading of 48.

The Nasdaq composite index slipped 18.26 points to 1,993.05 while the Dow Jones industrial average lost 39.22 points to 9,280.97. The S&P 500 fell 2.93 points to 1,002.72.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 9,280.97 -39.22 or -0.42% +5.75%
S&P 500 1,002.72 -2.93 or -0.29% +11.01%
NASDAQ 1,993.05 -18.26 or -0.91% +26.38%
TSX Composite 11,046.93 +28.83 or +0.26% +22.91%

International markets Back to Top
Close Change YTD
Nikkei 10,252.53 -122.48 or -1.18% +15.72%
Hang Seng 20,494.77 -301.66 or -1.45% +42.45%
SENSEX 15,903.83 +72.85 or +0.46% +64.85%
FTSE 100 4,647.13 -24.24 or -0.52% +4.80%
CAC 40 3,458.53 -17.84 or -0.51% +7.48%
DAX 5,353.01 -64.01 or -1.18% +11.28%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 101.41 101.93 3.58
Cdn. 30-year bond 115.65 116.69 4.06
U.S. 10-year bond 94.84 95.50 3.76
U.S. 30-year bond 94.84 96.59 4.57

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.9345 0.9315
US $ 1.0701 1.0736

Euro Spot Rate Today Previous
Canadian $ 0.6483 0.6468
Euro 1.5425 1.5460

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $964.50 $960.50

Oil Close Change
WTI Crude Future (US) $71.82 +$0.40 or +0.56%

(08/05/09)

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.