Aug 3, 2016
How the TSX has held its ground despite oil's fall
BNN Bloomberg
Oil’s tumble into bear market territory hasn’t kicked the legs out from under the TSX. While crude has plunged more than 20 per cent since early June, the TSX has inched up 1.15 per cent.
How has the Toronto Stock Exchange has held its ground? Here's a look at how the materials group has helped prop up the TSX amid skidding oil prices.
S&P TSX INDEX GROUPS SINCE OIL'S JUNE 8 PEAK | |
---|---|
S&P/TSX Materials Index | 13.24% |
S&P Telecom Serv Index | 5.53% |
S&P/TSX Utilities Index | 3.90% |
S&P/TSX Industrials Index | 3.42% |
S&P/TSX Info Tech Index | 2.13% |
S&P/TSX Consumer Staples Index | 2.12% |
S&P/TSX Consumer Discretionary Index | -0.39% |
S&P/TSX Financials Index | -1.98% |
S&P/TSX Energy Index | -2.91% |
S&P/TSX Health Care Index | -7.64% |
BEST TSX PERFORMERS SINCE OIL'S JUNE 8 PEAK | |
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B2GoldCorp | 61.22% |
First Majestic Silver Corp | 50.10% |
Silver Wheaton Corp | 42.79% |
Pretium Resources Inc | 41.54% |
IAMGOLD Corp | 39.56% |
New Gold Inc | 37.78% |
Birchcliff Energy Ltd | 36.67% |
Pan American Silver Corp | 32.09% |
Silver Standard Resources | 31.28% |
Teck Resources Ltd (Class B) | 27.47% |
WORST TSX PERFORMERS SINCE OIL'S JUNE 8 PEAK | |
---|---|
Brookfield Business Pt-Unit | -18.41% |
Cameco Corp | -20.32% |
Methanex Corp | -20.60% |
Alaris Royalty Corp | -21.07% |
Secure Energy Services Inc | -22.23% |
Torc Oil & Gas Ltd | -23.49% |
Precision Drilling Corp | -24.69% |
MEG Energy Corp | -30.16% |
Baytex Energy Corp | -32.15% |
Concordia International Corp | -38.63% |