DAILY WRAP-UP
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The Canadian markets were the only game in town Monday
as their U.S. counterparts were closed for the Martin Luther
King, Jr. holiday.
On the senior board, the Toronto Stock Exchange 300 index
closed at 7582.85 down 21.9 points or 0.29%. Volume on
the TSE was 78.9 million. The junior S&P/CDNX Composite
Index ended the session at 1,098.02 up 3.58 points or 0.3%.
Volume on the CDNX was 33.6 million shares traded.
"With the holiday in the U.S., the volume was just not there
today," said Desjardins Securities director of institutional
trading Ron Campbell. "People were not in the marketplace
today. Volume in Toronto was at a major low. There wasn't
much going on today."
Campbell said while the day was slow, it wasn't completely
uneventful.
"CGI Group showed strength. Scotia Capital upped the
stock to a 'Hold' from a 'Reduce.' The funny part was
National Bank cut the stock from a 'Buy' to a 'Hold' and
Canaccord cuts it to a 'Market Perform.' God knows (what's
going on there). But that stock showed volume today."
CGI Group, (TSE: GIB.A) a computer services firm, put on 15
cents to C$12.10 on the analyst actions and news Friday
that it reported a 50% gain in quarterly revenue from the
year-ago period, and said 2002 could be a record year for
sales and earnings.
Other TSE listed stocks showing signs of life Monday
included Intrinsyc Software, Inc. (TSE: ICS). The software
maker announced Monday that it plans to raise $10 million
through a private placement of special warrants.
Ivanhoe Mines Limited (TSE: IVN) put on 11% after the
mining company said recent exploration results confirm
gold and copper values increase with depth at its Turquoise
Hill discovery in Mongolia.
Marum Resources Inc (CDNX: MMU) and Fareport Cap Inc
(CDNX: YFA) were the CDNXís most actively traded stocks
Monday. Neither company has announced news in the past
several trading sessions.
In economic data, Statistics Canada said the country's retail
sales grew 1.4% to C$24.6 billion in November, driven by
strong auto-sector sales as a result of zero-financing deals
The U.S market will be open for a full session tomorrow.
TODAY'S HEADLINES
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Consumer Goods, Services
CARA, SECOND CUP TO MERGE
A controlling shareholder group of coffee retailer The
Second Cup Ltd. on Monday agreed to tender its
shares to Cara Operations Ltd. after the food service
company sweetened its takeover offer.
smallcapcenter.com
Healthcare
GENZYME FINGERS A KILLER
The biotech company is making progress with
research into the genetic complexities of prostate
cancer, which the American Cancer Society says will
see some 189,000 new cases diagnosed in the United
States alone this year.
smallcapcenter.com
Read these small cap stories and more at smallcapcenter.com
SMALL CAP MOVERS
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Cgi Group Inc. Cl A (TSE: T.GIB.A)
CGI Group Inc. (TSE: GIB.A) finished the day at C$12.10 up 15 cents
or 1.26% on volume of 1.62 million. The computer services firm on
Friday reported a 50% gain in quarterly revenue from the year-ago
period, and said 2002 could be a record year for sales and earnings.
smallcapcenter.com
Intrinsyc Software Inc. (TSE: T.ICS)
Intrinsyc Software, Inc. (TSE: ICS) closed at C$2.53 down 12 cents or
4.53% on volume of 378,300. The software maker announced Monday that
it plans to raise $10 million through a private placement of special
warrants.
smallcapcenter.com
Ivanhoe Mines Ltd. (TSE: T.IVN)
Ivanhoe Mines Limited (TSE: IVN) closed up 11.33% or 29 cents at
C$2.85 on volume of 1.63 million. The mining company said recent
exploration results confirm gold and copper values increase with
depth at its Turquoise Hill discovery in Mongolia.
smallcapcenter.com
TODAY'S HIGHLIGHTS
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Market Summary At 5:06:45 P.M. ET
---------------------------------------------------------
Symbol Close Change Change(%) Market Name
.DJI 9771.85 EVEN EVEN DOW JONES INDUSTRIAL
NYA 576.19 EVEN EVEN NYSE COMPOSITE
COMP 1930.34 EVEN EVEN NASDAQ COMPOSITE
XAX 830.64 EVEN EVEN AMEX COMPOSITE INDEX
SPX 1127.58 EVEN EVEN S&P 500
SML 226.78 EVEN EVEN S&P 600 SMALLCAP
WSX 709.16 EVEN EVEN PACIFIC WILSHIRE SMALLCAP
NDI 195.85 EVEN EVEN INDIVIDUAL INVESTORS 500
IV.JX 1098.02 3.58 0.33 CANADIAN VENTURE EXCHANGE
IT.T300 7582.85 -21.94 -0.29 TSE 300 COMPOSITE INTERIM
N/A N/A N/A
Most Active Stocks At 5:06:45 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
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TSE
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Symbol Volume Close Change Company Name
T.BI 8016000 0.60 0.02 Bell Canada International Inc.
T.PUG 3512300 0.27 0.02 Pure Gold Resources Inc.
T.IVN 1627600 2.85 0.29 Ivanhoe Mines Ltd.
T.ELD 796100 0.49 0.02 Eldorado Gold Corporation
T.ORV 690000 0.37 0.03 Orvana Minerals Corp.
CDNX
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Symbol Volume Close Change Company Name
V.LKC 413000 0.11 0.01 Look Communications Inc.
V.DML 397400 0.35 0.04 Donner Minerals
V.RBM 298500 0.51 -0.04 Response Biomedical Corp.
V.GNO 197300 0.24 -0.02 Genoil Inc.
V.CNB 162200 0.40 0.01 Canabrava Diamond Corporation
Top Percent Gainers At 5:06:45 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
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TSE
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Symbol Volume Close Change %Gain Company Name
T.DIO 174500 0.23 0.04 21.05 Dion Entertainment Corp.
T.PSM 111500 0.23 0.04 21.05 Pioneer Metals Corp.
T.SGB 45400 11.20 1.71 18.02 Stratos Glbl Cp
T.IVO 90900 0.98 0.13 15.29 Innova LifeSciences Corporation
T.TWG 618700 0.69 0.09 15.00 TWIN GOLD CP
CDNX
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Symbol Volume Close Change %Gain Company Name
V.CHI 79100 0.64 0.08 14.29 Chapleau Resources Ltd.
V.RDM 61700 0.49 0.06 13.95 Rhonda Corporation
V.RGW 69500 2.60 0.30 13.04 Ridgeway Petroleum Corp.
V.DML 397400 0.35 0.04 12.90 Donner Minerals
V.AAD 26100 0.45 0.05 12.50 Archangel Diamond Corp.
Top Percent Losers At 5:06:45 P.M. ET
(Market Capitalization Between $10,000,000 and $750,000,000)
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TSE
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Symbol Volume Close Change %Loss Company Name
T.SJK 20400 1.80 -0.30 -14.29 Skyjack Inc.
T.ONC 265300 4.21 -0.56 -11.74 Oncolytics Biotech Inc.
T.ATM 1500 2.25 -0.25 -10.00 Amtelecom Group Inc.
T.BHK 85000 0.09 -0.01 -10.00 Black Hawk Mining Inc.
T.RLT 80800 8.16 -0.79 -8.83 Royal Laser Tech Corporation
CDNX
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Symbol Volume Close Change %Loss Company Name
V.GBG 13700 1.02 -0.13 -11.30 Great Basin Gold Ltd.
V.CD 72000 0.08 -0.01 -11.11 Cantex Mine Development Corp.
V.GIM 64000 0.32 -0.03 -8.57 Gulf International
Minerals Ltd.
V.GNO 197300 0.24 -0.02 -7.69 Genoil Inc.
V.RBM 298500 0.51 -0.04 -7.27 Response Biomedical Corp. |
