Markets

Key Players on the Toronto Stock Exchange

Published February 7, 2024

On a bustling Wednesday on the Toronto Stock Exchange (TSX), a handful of companies saw notably high trading volumes. The trading session ended with a slight gain for the exchange, with the TSX index climbing 11.44 points to close at 20,969.18.

Energy Sector Movements

Among the most traded, Enbridge Inc. (TSX:ENB) saw its shares retreat 39 cents, a 0.83% drop, ending the day at $46.35 with 9.9 million shares changing hands. Meanwhile, Suncor Energy Inc. (TSX:SU) witnessed a marginal increase of 12 cents, representing a 0.28% raise, to settle at $43.25 per share on a volume of 4.7 million shares.

Financial Firms Experience Mixed Results

The financial sector offered a mixed bag of results. Manulife Financial Corp. (TSX:MFC) enjoyed an uptick of 40 cents, or 1.33%, with shares landing at $30.41 on a 6.4 million share turnover. Conversely, the Toronto-Dominion Bank (TSX:TD) observed its shares descend by 89 cents (1.10%), concluding the trading session at $79.78 with 4.4 million shares traded.

Spotlight on Noteworthy Gains

Success stories of the day include Heroux-Devtek Inc. (TSX:HRX), an aerospace company, which experienced a substantial leap of $1.52, marking a 10.11% surge, to close at $16.55 per share. Another was Fission Uranium Corp. (TSX:FCU), part of the energy sector, which climbed two cents (1.74%), finishing at $1.17 with a 3.9 million share volume.

Financial Sector’s Performance

Bank of Montreal (TSX:BMO) also found itself on the positive side of the ledger, gaining 56 cents, or 0.45%, ending at $123.58 on 3.3 million shares traded.

Industrial Sector's Quarter Highlights

In other financial highlights, Finning International Inc. (TSX:FTT), categorized in the industrials sector, reported its quarterly earnings which saw a decline from the previous year, attributed to a foreign exchange loss in Argentina. Its profits stood at $85 million, or 59 cents per diluted share, scaled down from $136 million, or 89 cents per share, year over year, despite a slight increase in net revenue from $2.37 billion to $2.40 billion.

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