Market News May 1, 2007

Market closes for Tuesday, May 1, 2007:

” GO CANUCKS GO”

Dow Jones 13,136.14 +73.23 or +0.56% YTD: +5.40%
S&P 500 1,486.30 +3.93 or +0.27% YTD: +4.79%
NASDAQ 2,531.53 +6.44 or +0.26% YTD: +4.81%
TSX COMP 13,406.33 -10.35 or -0.08% YTD: +3.86%
TSX VENT 3227.10 -38.82
Canadian dollar $Cdn. $U.S.
BoC Closing rate 1.1105 0.9005
Previous BoC closing rate 1.1101 0.9008

Cdn. Dollar/Euro Spot Rate 1.5113 0.6617

Gold AM PM
London Gold Fix (US) $677.50 $673.60

Spot Crude Oil Future(US) $64.40 -$1.31 or -1.99%

NEWS
The Toronto stock market underwent some wild swings before closing slightly lower Tuesday as investors wondered if the sharp retreat of the previous session was overdone.

New York indexes started off lacklustre but revived in the afternoon as a bid for media company Dow Jones & Co. revived enthusiasm about takeover activity while key data provided reassurance on the health of the U.S. manufacturing sector.

Toronto’s S&P/TSX composite index closed 10.35 points lower to 13,406.33 with weakness coming primarily from financial.

The index was down as much as about 100 points at one point in the session, on top of a 215-point tumble on Tuesday that took a big chunk out of what had been a strong 3.5% advance during the month.

Statistics Canada reported that the rising costs of petroleum and primary metal products caused prices for manufactured goods to surge in March, while raw material prices were pushed up mainly by non-ferrous metal costs.

From February to March, prices charged by manufacturers, as measured by the industrial product price index, rose 1.3%.
The raw materials price index rose 1.3% in March, down from 2.5% in February, as raw material groups posted gains, except for vegetable products and non-metallic minerals.

On Wall Street, the Dow Jones industrials advanced 73.23 points to 13,136.14 after spending most of the session flat with investors worried the sharp index gains during April raised concerns the market was overbought.

The Nasdaq composite index gained 6.44 points to 2,531.53 and the S&P 500 index moved up 3.93 points to 1,486.3 as early caution dissipated after Dow Jones, which publishes The Wall Street Journal, confirmed that it received an unsolicited bid from Rupert Murdoch’s News Corp. to buy the company for $5 billion.

Earlier, the Institute for Supply Management said its manufacturing index registered 54.7, above the March reading of 50.9 and market expectation of 51.

New orders, production and employment also improved significantly, according to the report. The overall economy grew for the 66th consecutive month.

On the TSX, the financials sector moved down 0.78%.
The energy sector shook off early losses to move 0.8% higher even as the June crude contract on the New York Mercantile Exchange moved down $1.31 to $64.40 a barrel.

The gold sector was down 0.35%, with the June bullion contract on the Nymex down $6.20 to $677.30 an ounce.
On the TSX, declines beat advances 870 to 732 with 213 unchanged as 373.2 million shares traded worth $6.6 billion. (Canadian Press)

TSX
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
SXR 15.700 -0.950 -5.71 16,546,709
BBD.B 4.650 +0.080 +1.75 14,043,492
NRI 0.245 -0.085 -25.76 8,985,117
BCE 37.300 -0.090 -0.24 6,707,803
LIM 18.760 +0.050 +0.27 5,873,361
CDV 4.970 +0.670 +15.58 5,052,923
MAE 4.700 -0.070 -1.47 4,981,936
SYN 15.490 +2.080 +15.51 4,941,713
UTS 5.010 +0.190 +3.94 4,658,559
A 2.840 -0.070 -2.41 4,465,418
K 14.540 -0.230 -1.56 4,273,187
YLO.UN 14.400 +0.340 +2.42 3,914,552
CHD 0.920 +0.030 +3.37 3,855,465
BWR 2.130 +0.030 +1.43 3,811,288
XIU 76.660 -0.130 -0.17 3,621,205

TSX VENTURE
Most Active By Trading Volume*

Symbol Price $ Change % Change Volume
RSG 0.270 -0.080 -22.86 5,583,509
AFA 0.320 +0.030 +10.34 3,549,541
SAU 0.070 -0.005 -6.67 2,986,500
APM 0.400 +0.140 +53.85 2,334,480
SHF 0.075 -0.010 -11.76 1,988,866
GLY 0.045 +0.000 +0.00 1,848,700
PIK 0.830 +0.040 +5.06 1,715,934
WNR 0.460 +0.060 +15.00 1,416,400
ROI 0.190 +0.000 +0.00 1,400,725
TTX 0.085 -0.030 -26.09 1,377,200
FO 3.220 -0.090 -2.72 1,331,767
PCM 0.130 -0.020 -13.33 1,270,100
BDO 0.730 +0.010 +1.39 1,197,240
CML 1.060 -0.040 -3.64 1,194,303
PVI 0.040 -0.005 -11.11 1,141,000

TRADING HALTS/RESUMPTIONS
Trade Resumption – Parkland Energy Services Inc. – PKE.P
Trading Halt/ Trade Resumption – Canada Cartage Diversified Income Fund – TRK.UN
Trading Halt – Platinex Inc. – PTX ,Pending News
Trading Halt /Trade Resumption – Pan Orient Energy Corp – POE
Trade Resumption – First Gold Expl Inc. – EFG
Trading Halt/ Trade Resumption – Call Genie Inc. – GNE
Trade Resumption – Choice Resources Corp – CZE
Trade Resumption – The Buffalo Oil Corp – BFO
Trading Halt – Metanor Resources Inc. – MTO ,Pending News
Trade Resumption – Thermal Energy International Inc. – TMG
Trading Halt – Wealth Minerals Ltd. – WML ,Pending News
Trade Resumption – Citrine Holdings Limited – CTHL
Sources include Advisors.ca, TSX.com, Canadian Press, Yahoo Finance,
Stockhouse.com
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