Weekly Summary - QIS Blog - October 12, 2018 - October 12th 2018
Weekly Summary - QIS Blog - October 12, 2018
After seeming some of the largest 1-day drops of the year this past week on the TSX Composite and Dow Jones, it will be interesting to see how the markets respond this week. As always, we’ll continue to monitor the small-cap markets and relay any important news to QIS Capital's suite of Feature Companies.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
The most recent email update issued by QIS Capital was sent out to subscribers on October 4, 2018. QIS Update #15 included the most recent news and corporate updates from Deer Horn Capital (DHC:CSE) and Newlox Gold Ventures (LUX:CSE).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 10-15 email updates per year.
Each of the indices tracked in this section of the weekly recap experienced a loss for the third consecutive week (a 4-day week in Canada due to the Thanksgiving holiday). The S&P TSX Venture Composite Index shed another 7.09 points to close on Friday at 705.69. Canada's most tracked stock market index, the S&P TSX Composite Index, posted a significant loss this past week, falling to levels below 15,400 points for the first time since mid-April 2018. The TSX Composite declined by a total of 531.88 points during the week and closed on Friday at 15,414.29 points. South of the border in the USA, the Dow Jones Industrial Average lost more than 1,370 combined points on Wednesday and Thursday. In total, the Dow Jones lost a combined 1,107.06 points and closed on Friday at 25,339.99.
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