On Wednesday. the S&P 500 was up 0.1% while Toronto was virtually unchanged.
Melcor Developments was up 14.5% to $9.79. It’s nice to see it showing some life. But even with the volume higher than normal today, it is a thinly traded stock. Only 27,100 shares were traded. I’d like to think that someone decided that buying these shares for under 30% of book value was simply good value. But it’s too early to tell if this is anything other than a little blip. The Melcor REIT was up 2.3%.
AutoCanada was up 5.6% recovering some of its recent slide.
CRH Medical was up 4.9%.
Tomorrow should be a light trading day in the markets. Not only is it the day before a long weekend, but any shares traded today or tomorrow don’t settle until after the weekend and so it is too late for any sort of “window dressing” trading or tax loss selling. Nevertheless there is always some news for the market to react to or someone putting extra buying or selling pressure on a given stock.