The Smart Investor | place in the second half of 2022

Every Sunday we put the spotlight on financial and stock market news that may be useful to the investor but may have stayed under the radar.

Posted at 7:00 am

Richard Dufour

Richard Dufour
The press

The second half of 2022 on the Toronto Stock Exchange begins Monday and is expected to begin as the first half ended, with volatility and a lot of uncertainty.

While Canada’s main stock market index is down 11% so far this year, it still has two positive months (February and March). The TSX rose sharply by 4% in March. The worst month of 2022 so far was June, when Toronto’s index fell 9%.

Despite the disappointments, there have beenah January, where declines of more than 2% were observed and only two sessions with declines of more than 3%.

The worst session in Toronto this year was June 16, down 3.1%. The first half of the year has just ended with three consecutive negative sessions in the country and high volatility is likely to persist as long as inflation remains rampant and central banks don’t change their tone.

The Quebec stocks that posted the strongest gains in June in Toronto were Bellu’s health (+19%), Boralex (+11%), Saputo (+10%), Alithya (+10%) and Tecsys (+8%).

On the other hand, the most notable declines were seen in stocks of dialog (-42%), bomber (-35%), nuvei (-28%), Air Canada (-28%) and Lion (-27%).

The co-founder, president and chief technology officer of coveo bought shares in the Quebec company, which specializes in artificial intelligence in e-commerce, in the middle of the week. Laurent Simoneau bought a package of 10,000 shares on Wednesday. He paid a unit price of $5.11.

Cogeco communication lost support from CIBC last week. Analyst Stephanie Price on Tuesday withdrew her buy recommendation for the Quebec telecommunications company. Intensified competition in the US market is a potential threat to Cogeco’s market share, she said.

Two leaders ofUniSelect just bought shares in auto parts supplier Boucherville for about $600,000. CEO Brian McManus bought 10,000 shares on June 23, while Mark Eburne bought a total of 10,000 shares during the June 23-24 meetings.

A manager of Tecsys just bought a stake in the Montreal supply chain management software company. Kathleen Miller purchased a block of 1,500 shares on June 15th. This is the first time she has bought Tecsys stock since she joined the board in September 2020.

The Quebec titles of Molson Coors and from Bellu’s health hit a 52-week high on the Toronto Stock Exchange this week.

On the other hand, those of bomber, Heroux Devtek, guru, MDF trade, Air Canada, transfer, perfomance group, National Bank, Lion, nuvei, dialog, Goodfood market, Cogeco communication, hexo and Neptune All made a new 52-week low this week.

The action of Bellu’s health Appreciated significantly earlier in the week with no discernible news. The jump in the stock of the Laval-based biopharmaceutical company could be explained by a rally observed in the sector, according to Bloom Burton analyst David Martin.

The New York Stock Exchange and NASDAQ will remain closed Monday for United States National Day, July 4th.

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