By Jeff Sanford
(October 20 – 17:30 ET) – The tech rebound reverberated through the market today. The Toronto Stock Exchange 300 composite index finished up 253.57 points, closing at 10485.20.
The tech-laden industrial products sector led the advance, with a gain of 4.36%. The real estate, paper, oil, merchandising, gold and financial services sectors were all up over 1%, though nothing over 2%. Only metals and pipelines finished down, but just slightly.
Among individual issues, 629 advanced while 408 declined. Total volume was relatively light at 135.5 million shares traded.
Nortel was most heavily traded today, moving up $4.95 to $103.75. Rogers was second most heavily traded, moving down $2.85 to $27.05. It earnings call, which came in on target.
Celestica put on strong 7.93% today, C-Mac 4.43% and JDS Uniphase 12.76%.
The CDNX also advanced today, adding on 30.60 points to finish at 3320.37 on volume of 43.6 million shares. Overall, 346 issues advanced and 274 declined.
Although there was lots of intraday action today, the Canadian dollar closed relatively unchanged today at US66.10¢, versus US66.13¢ in yesterday’s session.
The three major U.S. markets notched up their first weekly gain in seven weeks today. The Dow Jones industrial average pulled ahead 83.61 points to 10226.59. The NASDAQ composite index climbed 64.54 points to 3483.14.