Live TSX Index Chart | Real-time TSX chart
S&P/TSX composite is the major index of the Canada Stock market. The TSX Index represents the overall overview of the Canada Stock market.
The real-time TSX Chart has been given below:
Like all the other indices, when the TSX Index rallies, the trend of overall Canadian stock market is taken as bullish or in the uptrend.
When the TSX Index falls in value, the trend of overall Canadian Stock Market is taken as bearish or in the downtrend.
The headquarters of the Canadian Stock Exchange(Toronto Stock Exchange) is situated in Toronto, Ontario, Canada.
Like all the other indices, when the TSX Index rallies, the trend of overall Canadian stock market is taken as bullish or in the uptrend.
When the TSX Index falls in value, the trend of overall Canadian Stock Market is taken as bearish or in the downtrend.
Canada Stock Market
Canada Stock Market is one of the most developed and well-capitalised Stock market of the world. The market capitalisation of Canada Stock Market is 3.625 trillion Canadian dollars as of September 2019.
Toronto Stock Exchange and S&P/TSX Composite Index
The stock exchange of Canada is known as the Toronto Stock Exchange and it is abbreviated as TSX. This stock exchange ranks number 9 in the world as far as market capitalisation is concerned.
There are close to 1600 securities listed on the Toronto Stock Exchange including ETFs and other financial products. The TSX deals with so many segments like stocks, options, futures, ETFs, energy markets etc.
The major index of the Toronto stock exchange is the S&P/TSX Composite index. This index is composed of 250 high capitalised companies of the Toronto Stock Exchange. These companies are related to many different sectors.
The S&P/TSX Composite index replaced the TSX 300 Index which was used earlier.
Eligibility Criteria for a company to be included in TSX Index
There are mainly 3 criteria for a company to be included in the S&P TSX Composite Index which is as follows:
- Market Capitalisation: Any company has to represent the minimum weightage of 0.05% of the index. The minimum weighted average price of any company must be C$1 over the past three months and over the last 3 trading days prior to its review by Exchange.
- Liquidity: The trading volume and the no. of transactions must exceed at least 0.025% of the sum of all eligible securities' trading volume. The companies are capped at a maximum of 15% for value, volume and transactions.
- Domicile: Companies must be listed on the Toronto Stock Exchange and be incorporated under Canadian laws.
Composition of the S&P/TSX Composite Index
The list of the major companies comprising the S&P/TSX Composite Index is given below:
TSX Trading Timings
The Toronto Stock Exchange has regular trading sessions from Monday to Friday. TSX is closed on Saturday, Sunday and on the other Holidays announced by the TSX in advance.
Normal trading Session - 9:30 AM to 4:00 PM ET
Post-market session - 4:15 PM to 5:00 PM ET
S&P/TSX Composite Index Future prediction
If we look at the monthly chart of the S&P/TSX composite index, it is making higher highs and higher lows and it is looking extremely bullish. This index trading around its all-time highs as of now Feb 2020.
Most of the monthly and weekly candlesticks of the TSX Index have large green bodies. These are showing strong up move for the upcoming months.
If you look at the chart, TSX has broken the upper trend line with a large green candle, if the index sustains above this trendline for upcoming few months, it can go higher from there as well.
This information was there for only educational purposes. We are not liable to any losses made by you following our advice.
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