Canada’s main stock market in Toronto plunged Tuesday as resources shares dropped sharply after the latest import data from China triggered more concerns about the outlook for the commodities prices. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index declined 119.63 points, or 0.86 percent, to 13,844.73 points on the closing bell. Resource sectors were falling into negative territory as the latest data from China, the world’s second-largest economy, showed that the country’s imports plunged in September from a year earlier, causing more concerns that the weakness in commodities including oil and ore products weighed on the TSX index, which is sensitive to the turbulence of the commodities market.
The mining sector nosedived 6.25 percent and the energy sector shrank 2.59 percent as Teck Resources Limited lost 9.35 percent to 8.73 Canadian dollars (about 6.71 U.S. dollars) a share while Canadian Natural Resources Limited tumbled 4.84 percent to 30.49 Canadian dollars per share. And the most weighed sector Financials also inched lower 0.18 percent as Toronto-Dominion Bank was down 0.15 percent to 52.97 Canadian dollars a share. The only two sectors in the rising streak were Info Tech and Telecom, which were up 0.46 percent and 0.36 percent, respectively.
Banro Corporation (USA) (NYSEMKT:BAA) engages in the exploration, development, and production of mineral properties. The Company shares are trading 57.08% above their 52 week low price after the last close and -52.88% below the 52 week high. Its latest closing price was down -14.61% from the average-price of 200 days while it kept its distance from the SMA50 at -0.16% and 5.31% compared with the SMA 20.
Shares of AEterna Zentaris Inc. (USA) (NASDAQ:AEZS) were 48.00% up 52 week lows as of the latest close and -94.52% below the 52 week high. Its latest closing price was down -80.02% from the average-price of 200 days while it maintained a distance from the SMA 50 at-28.39% and -12.77% compared with the SMA 20. Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing novel treatments in oncology, endocrinology, and women’s health.
Enerplus Corp (USA) (NYSE:ERF) engages in the exploration and development of crude oil and natural gas in the United States and Canada. The stock’s latest price traded at 31.06% up 52 week lows after the closing bell and was -61.75% behind its 52 week high. Its latest closing price was -31.64% below the SMA200 while the distance from the SMA 50 and SMA 20 was 2.75% and 6.05% respectively.
Valeant Pharmaceuticals Intl Inc (NYSE:VRX) is trading 49.45% higher than the 52 week low price and -36.89% behind the 52 week high. The stock’s latest closing price was -20.08% down from the average-price of 200 days while it kept its distance from the SMA50 at -24.50% and -14.65% compared with the SMA 20. Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide.
Penn West Petroleum Ltd (USA) (NYSE:PWE) explores for, develops, and produces oil and natural gas properties in western Canada. The Company so far this year has moved down -74.71% and its monthly performance stands at 114.71%. The stock was up 157.00% from its 52 week low and was -76.67% below the 52 week high. Its latest closing price was down -27.61% from the average-price of 200 days while it kept its distance from the SMA50 at 49.89% and 68.85% compared with the SMA 20.