Toronto Stocks Advance; Ensign Energy Services Down on 1Q Revenue Miss
By Adriano Marchese
Toronto-listed stocks started the week firmly higher Monday at midday.
Sector performance was largely trending higher, with materials, energy and tech stocks leading the gainers. Of the few decliners, only health tech and health services saw relatively larger drops.
Canada's S&P/TSX Composite Index rose by 0.8%, to 22150.79, and the blue-chip S&P/TSX 60 was 0.9% higher, at 1327.26.
Ensign Energy Services were 8% lower, at 2.30 Canadian dollars (US$1.68), after reporting a decline in revenue in the first quarter, missing targets. The lower revenue was due largely to lower U.S. and international drilling.
Other market movers:
Brookfield Asset Management will make a roughly US$1.5 billion investment in Castlelake and will gain a 51% stake in the asset manager's fee-related earnings. The move aims to create a partnership to expand Castlelake's investment business. Brookfield shares are up 1.1%, to C$54.11.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 06, 2024 12:23 ET (16:23 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing