Skip to main content

It's too early for a nightcap, but we can offer you a recap instead, courtesy of UBS Securities Canada. In a roundup of monthly market activity, UBS says the S&P/TSX composite index fell 1.5 per cent during August, with fully eight of  its 10 sectoral sub-indexes in the read. The volatile energy sector led the way down, with a 5.18 per cent drop, and if you isolate energy trusts, they were down even more at minus 6.06 per cent, UBS said in a note to clients. Mining and other materials were the second biggest losers, with a drop of 3.71 per cent, followed by health care at minus 3.37 per cent. Technology and financial services both "bucked the trend," the firm said, climbing 8.64 per cent and and a more modest 1.75 per cent, respectively. As for individual stocks in the index, fully 187 or 70 per cent of them fell last nmonth, UBS said, while just 81 or 30 per cent rose.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨