After rallying to fresh record highs for four consecutive sessions, the Canadian equities market turned negative on Wednesday as a negative reversal in metals prices and a steep selloff in the tech sector took a toll on investors’ sentiments. The S&P/TSX Composite Index witnessed 144 points, or 0.6%, value erosion to settle at 22,851 — ending its five-day winning streak.
As reports of escalating geopolitical tensions drove shares of U.S. chipmakers downward, TSX tech stocks also remained under pressure. Additionally, weakness in other sectors like mining and industrials also took the market index downward.
Top TSX Composite movers and active stocks
Celestica, Cameco, Energy Fuels, and Shopify tanked by at least 6.9% each, making them the day’s worst-performing TSX stocks.
On the positive side, Cogeco Communications was the top-performing TSX stock, climbing by 10% to $61.59 per share after Bank of America’s global research…
