Small cap index outperformed in Q1: Nasdaq analyst

Small caps led gains in March, with the TSX Small Cap Index at +7% for the month, says Prab Sagoo, associate director at Nasdaq Advisory Services, in his weekly market commentary.

Over the same period, the TSX and TSX 60 indices showed gains of less than 5%, he adds.

Read: Small caps beat large caps in February

More highlights

• The headlines on the domestic calendar this week will be housing market data and, at the end of the week, labour market data for March. U.S. markets will be watching for theFed meeting minutes to be released on Wednesday. Read: U.S. Fed disappointed by wage growth and 3 surprises from the Fed
• The TSX continues to be range bound at its 200-day moving average. Plus, negative momentum remains on the benchmark, with such momentum building in energy, materials and financials.
• The first quarter of 2016 was indeed a volatile one; the average trading range per day for the TSX during Q1 was 180 points, versus 148 points in Q4 2015. Also in Q1, total trading volumes across Canadian exchanges were 31% higher per day. Read: How to communicate with clients during bad markets
• In Q1, telco and materials stocks saw some of the largest average daily volumes on most Canadian exchanges.

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