Despite gains in consumer discretionary and financial stocks, weakness in some other key sectors, such as healthcare and industrials, offset broader market momentum.
Top TSX Composite movers and active stocks
Orla Mining (TSX:OLA) fell 11% to $17.10 per share, making it the worst performing TSX stock of the day. This sell-off in OLA stock came afterward Fairfax Financial (TSX:FFH) sold 25 million shares of the Vancouver-based miner – worth approximately $441 million – as part of a portfolio rebalancing.
While Fairfax still has a significant stake in the company, the large block sale has spooked investors and raised near-term supply concerns. Notably, the decline also comes just two days after Orla announced its first dividend, suggesting that broader sentiment was overshadowed by the departure of its major shareholder. Despite the recent weakness, OLA shares are still up 115% this year.
Shares of Bausch Health, NexGen energyAnd Energy fuels were also among the day’s worst performers on the Toronto Stock Exchange, dropping at least 5.2% each.
On the other hand, Aecon group, G Mining companies, ATSAnd DPM metals rose at least 2.3%, making them the best-performing TSX stocks of the session.
Based on their daily trading volume Canadian natural resources, Suncor Energy, Cenovus energy, Whitecap ResourcesAnd Barrick Mining were the five most active stocks on the stock exchange.
TSX today
Crude oil prices fell sharply in early trading on Monday, while most other commodities posted mixed performances. This sets a cautious tone for the TSX open today.
While there are no major domestic economic data in the pipeline, stocks could still experience volatility as investors on both sides of the border await central bank decisions later this week. While the Bank of Canada is largely expected to maintain current interest rates, economists expect the U.S. Federal Reserve to cut its benchmark interest rate by 25 basis points on Wednesday.
Market movements on the TSX today
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