The wise investor |  Place in the second half of 2022

The wise investor | Place in the second half of 2022

Every Sunday we highlight financial and stock market news that may be useful to investors, but may have gone unnoticed.

Posted at 7:00 am

richard dufour

richard dufour

The second half of 2022 on the Toronto Stock Exchange begins on Monday and is likely to start as the first half ended, meaning with volatility and a lot of uncertainty.

While the main Canadian stock index is down 11% so far this year, it has nonetheless recorded two positive months (February and March). The TSX was up a remarkably 4% in March. The worst month of 2022 so far was June, when the index fell 9% in Toronto.

Despite the disappointments, there have only been six sessions since 1Ahem January where decreases of more than 2% were observed and only two sessions with decreases of more than 3%.

The worst session in Toronto this year came on June 16 with a drop of 3.1%. The first half of the year has just ended with three consecutive negative sessions in the country, and the high volatility is likely to continue as long as inflation remains rampant and central banks do not change their tune.

The Quebec stocks that posted the strongest gains in Toronto in June were Bellus Health (+19%), boralex (+11%), Saputo (+10%), Alitia (+10%) and Tecsys (+8%).

On the other hand, the most significant falls were observed in the titles of Dialogue (-42%), Bombing (-35%), New (-28%), air canada (-28%) and Lion (-27%).

The co-founder, president and chief technology officer of coveo bought shares of the Quebec company specialized in artificial intelligence applied to electronic commerce in the middle of the week. Laurent Simoneau bought a block of 10,000 shares on Wednesday. He paid a unit price of $5.11.

Cogeco Communications lost CIBC support last week. Analyst Stephanie Price withdrew her buy recommendation on the Quebec telecommunications company on Tuesday. More intense competition in the US market is a potential threat to Cogeco’s market share, she said.

two leaders ofUni-Select You just bought about $600,000 worth of stock in the Boucherville auto parts supplier. CEO Brian McManus bought 10,000 shares on June 23, while Mark Eburne bought a total of 10,000 shares during the June 23-24 sessions.

an administrator of Tecsys it just bought stock in the Montreal-based supply chain management software provider. Kathleen Miller purchased a block of 1,500 shares on June 15. This is the first time that she has bought Tecsys shares since joining the board in September 2020.

The Quebec titles of Molson Coors Y Bellus Health hit a 52-week high on the Toronto Stock Exchange this week.

Instead, those of Bombing, Heroux-Devtek, Guru, mdf trade, air canada, transaction, Energy Corporation, National Bank, Lion, New, Dialogue, good food market, Cogeco Communications, hexo Y Neptune all hit a new 52-week low this week.

the action of Bellus Health appreciated substantially at the beginning of the week with no apparent news. The jump in the Laval biopharmaceutical stock could be explained by a rally seen in the sector, according to analyst David Martin at Bloom Burton.

The New York Stock Exchange and NASDAQ will be closed on Monday for United States National Day, July 4.

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