The Toronto S&P/TSX Composite Index advanced 359.53 points, or 1.04%, to close at 34,830.89. The index has now posted gains in four consecutive trading sessions, with momentum strengthening and market performance remaining strong today.

Trading volume was significantly lower than Friday’s session. The primary reason was that today was a public holiday in the United States. Many U.S. investors and traders who participate in the Toronto markets were away for the Memorial Day holiday.

Today’s TSX Market Statistics

On the Toronto Stock Exchange, advancing issues (advancers) overwhelmingly outnumbered declining issues (decliners). Specifically, there were 1,745 advancers and 416 decliners, producing an advancer-to-decliner ratio of 4.19 to 1 — or approximately four advancers for every decliner — while 118 issues remained unchanged. Overall, market breadth was strongly positive.

The exchange recorded 557 new 52-week highs and 27 new 52-week lows, compared with 421 new highs and 19 new lows recorded yesterday.

Total trading volume on the TSX reached 213,379,435 shares, down 48% from the 406,553,098 shares traded on Friday. U.S. markets were closed today for the Memorial Day holiday. Trading activity on Canadian markets is typically lower when U.S. markets are closed, as participation from U.S. investors and traders has a significant impact on daily transaction volume on the TSX.

In addition, Toronto market performance data continues to be driven by developments related to U.S.-Iran tensions and ongoing geopolitical discussions surrounding war and peace.