Small-caps stocks outperformed the broader index in March, driven in part by impressive gains in gold stocks.
Last month, the S&P/TSX SmallCap Index rallied 2.24 per cent compared to a 1.87 per cent loss in the S&P/TSX Composite Index. Of the 243 securities in the Index, 48 per cent delivered positive price returns in March, of which 16 per cent reported double-digit gains during the month.
There were five sectors in the TSX SmallCap Index that delivered positive price returns: materials, energy, consumer staples, communication services and real estate with gains of 10.55 per cent, 4.23 per cent, 3.74 per cent, 2.99 per cent and 0.38 per cent, respectively.
Sectors that were the largest detractors to performance include: technology, health care, consumer discretionary, industrials, financials and utilities with losses of 15.83 per cent, 8.12 per cent, 5.2 per cent, 3.79 per cent, 3.62 per cent and 3.6 per cent, respectively.
The top 10…
