Toronto-Listed Stocks Update

At mid-trading on Friday, Toronto-listed stocks displayed resilience, with the S&P/TSX Composite Index poised to end the abbreviated week with a slight gain.

Sector Performance

Most sectors were in positive territory around noon, with tech leading the way in continued strong gains, followed by commercial services and health tech. However, substances, distribution services, and consumer discretionary stocks experienced some declines.

Current Index Levels

Canada's S&P/TSX Composite Index was up by 0.38% at midday, reaching 21,400.02, while the blue-chip S&P/TSX 60 saw a 0.48% increase, hitting 1,294.54.

Notable Performances

• Docebo: The technology company's shares surged by 16% to C$71.69 (US$53.17) as its quarterly profit doubled on stronger-than-expected revenue.

• CI Financial: The stock of the Canadian asset and wealth manager rose by 6% to C$16.79 following better-than-expected fourth-quarter earnings and the announcement of a new share buyback program.

• Eldorado Gold: Shares dropped by 9.1% to C$13.84 after reporting elevated costs in its 2024 forecast and a reduced four-year production outlook.

• Hudbay Minerals: The company's stock climbed by 6.2% to C$7.66 after posting a profit and increased revenue due to robust fourth-quarter production. Hudbay Minerals also anticipates continued growth in copper production, while gold output is expected to slightly soften.