• Home
  • /
  • Posts
  • /
  • Biggest Gainers and Losers On The TSX – September 25th

September 25, 2019

Biggest Gainers and Losers On The TSX – September 25th

By Dan Kent

September 25, 2019

Tech stocks saw a resurgence while material and energy stocks continue to get beat down over the course of this weeks trading action. One stock in particular, Shopify (TSX:SHOP) was in the midst of its biggest correction since its IPO in 2015. The stock had hit a 14 day RSI level of under 30, signaling that it was oversold and was due for a bounce back. It did just that today, as Shopify was one of the biggest gainers on the TSX.

Material stocks, in particular gold and silver producers had yet another negative day this week, and the sector as a whole took heavy damage with 36 of the 47 major material stocks in the red. The price of gold dropped $23 on the day to sit at $1510 an ounce, which may have contributed to the losses.

Another key stock on our top gainers list today was a company that has been suffering heavy losses over the last few months, Canopy Growth (TSX:WEED), which gained nearly 3%. The stock has fallen from highs of over $70 in May of 2018 to nearly falling below $30 a share as investors are finally growing impatient with the lack of earnings growth in the Canadian cannabis sector.

So, what stocks came out ahead today on the TSX? Lets have a look

Shopify (TSX:SHOP): +6.86%
Hudbay Minerals Inc (TSX:HEM): +3.92%
Canopy Growth (TSX:WEED): +2.83%
Methanex (TSX:MX): +2.76%
Uni Select (TSX:UNS): +2.69%
Norbord Inc (TSX:OSB): +2.62%
Cameco Corp (TSX:CCO): +2.30%
The Stars Group (TSX:TSGI): +2.26%

What stocks lost the most on the TSX today?

Like I mentioned above, it was a bad day for gold and silver miners, as most suffered significant losses north of 5%. The volatility in the industry as of late has been more than most investors can handle, and if you don’t have the stomach for rapid swings, it may be wise to avoid the industry. As market uncertainty continues, we’re clearly seeing indecisiveness as investors move from one safe haven to the other.

New Gold Inc (TSX:NGD): -7.95%
Mag Silver Corp (TSX:MAG): -6.03%
Fortuna Silver Mines (TSX:FVI): -5.34%
Kinross Gold (TSX:K): -5.14%
First Majestic Silver (TSX:FR): -5.09%
Yamana Gold (TSX:YRI): -5.00%
Alamos Gold Inc (TSX:AGI): -4.95%
Pan American Silver (TSX:PAAS): -4.61%

It’s interesting to see all of the biggest losers  coming from the material sector, with the biggest being New Gold Inc (TSX:NGD). One thing to keep in mind, even though these 8 stocks faced fairly significant losses on the day, none of them have crossed into oversold territory.

So while these Canadian stocks may look to provide short term upside potential with single day losses of over 5%, one of the strongest technical indicators when looking for bounce backs is not signalling any of the action today as overdone. We may see more negative days ahead for the material sector on the TSX.

Related Posts

10 of the Best Canadian Stocks You Need to Be Looking at Today

Shopify (TSX:SHOP) Stock Analysis and Buy Signal?

Top Canadian Tech Stocks To Buy In 2020

3 Canadian Stocks We’re Avoiding In 2020

Dan Kent


An active dividend and growth investor, Dan has been involved with the website since its inception. Dan is primarily a researcher and writer here at Stocktrades.ca, and his pieces have numerous mentions on the Globe and Mail, Forbes, Winnipeg Free Press, and other high authority financial websites. He has become an authority figure in the Canadian finance niche, primarily due to his attention to detail and overall dedication to achieving the highest returns on his investments. Investing on his own since he was 19 years old, Dan has compiled the experience and knowledge needed to be successful in the world of self-directed investing, and is always happy to bring that knowledge to Stocktrades.ca readers and any other publications that give him the opportunity to write. Dan manages his TFSA, RRSPs and a LIRA at Questrade, and has compiled a real estate portfolio of his primary residence and 2 rental properties, all before his 30th birthday.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}