TSX Stocks to Watch; Friday's Trading Leaders: (TSX: RY), (TSX: MFC), (TSX: AAA), (TSX: GIL)
December 5, 2011 – Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for December 02, 2011. The Standard & Poor’s/TSX Composite Index fell 38.20 (-0.32%) to close the day at 12,075.09.
Royal Bank of Canada (TSX:RY) was the top traded stock on the TSX ,closing higher by 1.74 (3.70%) to C$48.77 with more than 6.49 million shares exchanged hands, compared to its average volume of 3.66 million shares. Royal Bank of Canada (RBC) is a diversified financial services company. RBC provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis.
Manulife Financial Corp. (TSX: MFC) climbed 0.27 (2.47%) to end at C$11.20 on over 6.20 million shares, compared to its 30-day average volume of 5.71 million shares. Manulife Financial Corporation (MFC) is a life insurance and a holding company of The Manufacturers Life Insurance Company (MLI) and John Hancock Reassurance Company, Ltd. MFC is a financial services company serving customers in 22 countries around the world.
ALLANA POTASH (TSX: AAA) climbed 0.01 (0.93%) to finish at C$1.08 on over 4.76 million shares, compared to its average volume of 2.65 million. The stock has soared over 29% over the past one month. It has a 52-week range of C$0.45-C$2.43.
Gildan Activewear Inc.(TSX:GIL) added 4.72% to C$17.32 after slumping 7.98 (-32.54%) in the previous trading session on over 2.74 million shares the company said fourth-quarter earnings fell nearly 15%, and it said it expects a loss in the first quarter. It also expects fiscal 2012 adjusted earnings of about $1.30 a share, down from $2.01 in the year just ended.
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