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TSX leaders and laggards for Q2
Posted on July 03, 2009
The S&P/TSX composite index rose just 0.1% in June, fininishing the second quarter at 10,374. While a weak performance from the resource segment of the market weighed heavily on the index return, financials returned 5.5% in June.In fact, financials had the highest positive contribution to the index price return in the second quarter, according to Chad McAlpine, quantitative analyst at RBC Capital Markets. Four banks (RBC, TD, BNS and BMO) and one insurance company (Manulife) ranked in the top six names of the TSX based on their performance contribution. Research In Motion Ltd. was the other ...
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