283 new 52 week low todaySGY is doing relatively better because it is still trading above its 52 week low & not creating new lows like some other stocks. When you have 283 new lows means some forced selling & panic selling is also going on. There has been to some margin calls & fund redemptions.
The C$ is taking a beating so some foreign investors may be getting out. For new money it is cheaper to buy but long term investors would have taken a big hair cut because of decline & currency loss too.
Lot of stocks are drifting lower see lack of buyers. Some buyer on the side lines are stocks are creating new lows regularly. 283 new low means lot of investors in lot of pain.
| Exchange Statistics for T - TSX on 2015-07-24 |
| Issues Advanced |
529 |
| Issues Unchanged |
266 |
| Issues Declined |
1,056 |
| Issues Traded |
1,851 |
| Volume Advanced |
107,557,906 |
| Volume Unchanged |
18,865,561 |
| Volume Declined |
124,710,438 |
| Total Share Volume |
251,133,905 |
| Total Dollar Volume (1000s) |
4,304,149 |
| Total Trades |
640,474 |
| TICK |
0.842 |
| TRIN (Arms Index) |
0.581 |
| New Highs |
26 |
| New Lows |
283 |