TSX Midday Stock Market Movers, Thursday, May 19 By Investing.com

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© Reuters.

By Ketki Saxena

Investing.com — At noon in Toronto, the was at 20,279.32 points, up +0.89% in daily trading. Canada’s benchmark index rebounded from yesterday’s selloff, supported by falling buyers, broad-based gains in commodities and a rebound in technology.

All sectors of the Toronto Stock Exchange except industrials (-0.14%), telecommunications (-0.42%) and utilities (-0.10%) were in the green today

The heavy commodities index was supported by materials (+3.97%) and energy (+1.14%). Materials followed the price of gold, which saw a rebound in demand as alternative safe havens in the US fell and Treasury yields fell.

Meanwhile, energy followed the price of crude, which retraced losses earlier in the day to trade + higher so far today after an expected easing of lockdowns in Shanghai moderated expectations. demand concerns related to slowing global outlook.

Heavyweight tech also helped lift the index after gains led by Shopify (TSX:) (+13.49%) and Lightspeed (TSX:) (+11.76%), among the best performers in the TSX today.

Shopify won on news of an integration with crypto.com, allowing merchants to accept cryptocurrency payments in more than 20 tokens, including , and .

Lightspeed was buoyed by earnings and revenue in line with analysts’ estimates, and positive guidance as the company recovers from retail store closures that have severely impacted its business.

Besides Shopify and Lightspeed, ATS Automation Tooling Systems Inc. (TSX:) (+12.00%), Fortuna Silver (TSX:) (+9.85%) and IAMGold Corporation (TSX:) (+8.99%) were the biggest gainers on the Toronto Stock Exchange today.

The biggest losers on the TSX today are BRP Inc (TSX:) (-4.15%), Cascades (TSX:) Inc (-2.86%), Primo Water (TSX:) (-2.84% ), celestial Inc. (TSX:) (-2.45%) and Keyera Corp. (TSX:) (-2.08%).

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