In the midst of a volatile trading session, Toronto stocks managed to stabilize by midday on Friday. While the S&P/TSX Composite Index dipped slightly by 0.01% to 19136.06, and the S&P/TSX 60 declined by 0.04% to 1148.57, there were signs of recovery after previous losses.
Both indexes, however, are projected to end the week on a lower note. The composite index is expected to experience a decrease of 1.9%, while the S&P/TSX is estimated to take a hit of 1.6%.
Among the sectors that saw significant gains were technology, materials, and tech services. Conversely, sectors such as health services, utilities, and health tech experienced losses.
Notable Market Movements
Denison Mines shares witnessed an increase following the company's announcement of a $15 million investment in F3 Uranium through unsecured convertible debentures.
On the other hand, Alvopetro Energy faced a decrease in shares after revealing that its offtaker had reduced its volume in September due to temporary changes in end-user consumption, leading to a decline in production.
Meanwhile, Principal Technologies saw a significant jump of 25% in share value, reaching C$0.15. The company's plans to raise C$900,000 through a private placement of 6 million shares will contribute to their acquisition of a major asset.