Even though the Canadian stock index, last Friday, hit its highest point since September 19, volatility has dogged its performance this week.
Last week, the Toronto Stock Exchange’s S&P/TSX composite index also had six consecutive days of positive runs.
This week, however, the story is different. On Monday, the TSX closed with a loss. On Tuesday, it gained. On Wednesday, it ended in red again. Thursday was another bearish closing. And since the market opened Friday morning, even though the index has been in green much of the day, it has been rising and falling sharply.
At 1.00 p.m. ET, the TSX had only made a marginal gain of 0.60 per cent within the week. Analysts see this as caused by investors who are eager to make short gains from the positive performance of the TSX in the past month. In spite of this week’s ding-dong performance of the index, it was still posting a result of over 4.00-per-cent gain in the past month. This positive performance contrasts with the performance of the index in recent months.
The performance of the TSX this week is not unusual. The stock market is not known to run nonstop in green territories. It rises and falls, giving opportunities to different investors at every material time. It offers short-time investors the opportunity to make some quick gains. It also offers long-time investors the chance to buy shares at a lower rate to be sold in the future when they have risen. It also makes investors without a lion’s heart show caution by not buying new stocks.
Given the scenario of the stock market this week, it was not surprising to see that our investor community chose to diversify their interest in different sectors. They showed interest in the technology, media and mining sectors most.
Let us now look at the top three stories that attracted our readers the most this week.
SuperBuzz (TSXV:SPZ) completes pilot integration with Keedoz.com
SuperBuzz (SPZ) has successfully completed a pilot integration with Keedoz.com.
The integration with Keedoz proves the company’s ability to increase marketing return on investment without human intervention.
During the pilot, Keedoz sent thousands of marketing campaigns across their network.
Compared to a human, SuperBuzz’s platform increased the marketing clickthrough rate by 3 times. While human campaigns have an average clickthrough rate of 5 per cent, SuperBuzz campaigns generated an average clickthrough rate of 16 per cent.
With the successful pilot, SuperBuzz plans to roll out its platform to additional customers.
Brenner spoke with Sabrina Cuthbert about the news.
SuperBuzz Inc. (SPZ) opened with a gain of 5.26 per cent, trading at 0.10 per share.
AMPD Ventures (CSE:AMPD) to consult on metaverse content production facility
AMPD (AMPD) will consult on MQDC’s metaverse content production facility in Thailand.
MQDC is a property development company in Thailand. Its projects are known for cutting-edge technology and innovations.
The production facility will be part of MQDC’s new large-scale, mixed-use project with retail, office and hotel located in Bangkok’s Sukhumvit Innovative District.
The amenities will include a public park, a tech village, restaurants, a multi-function mini theatre, multipurpose halls for events, conferences or concerts, as well as childcare and education hubs.
Brown spoke with Brieanna McCutcheon about the agreement.
AMPD Ventures offers a suite of tools and technologies to create and distribute next-generation digital content.
AMPD Ventures (AMPD) is currently trading at C$0.14.
Gitennes (TSXV:GIT) options its JMW and Maxwell properties
Gitennes Exploration (GIT) has signed agreements to option its JMW and Maxwell properties to Newfoundland Discovery Corp. (CSE:NEWD).
Newfoundland Discovery can initially earn a 70-per-cent interest in each property and has the right to earn an additional 15-per-cent interest.
Newfoundland Discovery Corp. is planning to spend approximately $800,000 on exploration between the two properties.
On the JMW property, geophysics and diamond drilling are proposed, and for Maxwell, an airborne Magnetometer survey will be conducted.
Ken Booth, President of Gitennes Exploration, sat down with Sabrina Cuthbert to discuss the news.
Gitennes Exploration Inc. was up 25.00 per cent within the week, trading at $0.025 at 12:01 p.m. ET.
Until next week, enjoy your weekend.
