Sienna Senior Living Inc. (SIA) Rise 1.67% on Feb 18

February 18, 2018 - By Adrian Mccoy

Shares of Sienna Senior Living Inc. (TSE:SIA) last traded at 17.63, representing a move of 1.67%, or 0.29 per share, on volume of 238,768 shares. After opening the trading day at 17.4, shares of Sienna Senior Living Inc. traded in a close range. Sienna Senior Living Inc. currently has a total float of 62.11M shares and on average sees 172,835 shares exchange hands each day. The stock now has a 52-week low of 17.03 and high of 18.9.

TSX: Leading Canada’s Growth

The equity market is a reliable indicator of any nation’s economic condition. Because of it, investors are able to determine the future of the economy and make investments based on logical numbers.

Canada has one of the world’s fastest growing economies’ thanks to its flourishing equity market that has withstood the toughest of times and still remains thriving until today.

The Canadian Equity Market

The Toronto Stock Exchange (TSX) is the main stock exchange in Canada. The benchmark index weighing its stocks is the S&P/TSX Composite Index, which makes up 70% of the total market capitalization of the TSX.

More than 1,500 companies are listed on the TSX as of October 2014. In May, the total market capitalization of the TSX was seen at nearly $3 trillion.
More than 200 companies are included in the S&P/TSX Composite Index, 36% of which belong to the Financials sector alone. The Energy sector is the second largest sector in the S&P/TSX Composite Index, making up 20% of it, followed by the Materials sector, Industrial sector, and Consumer Discretionary sector in the top five.

The S&P/TSX Composite Index has an all-time low of 217.50 and an all-time high of 15,657.63. Sienna Senior Living Inc. trades on the exchange.

Trading on the TSX starts and ends at 9:30 a.m. and 4:00 p.m., respectively. Meanwhile, post-market trading starts and ends at 4:15 p.m. and 5:00 p.m., respectively.

How It Works

The S&P/TSX Composite Index measures stocks based on market capitalization with respect to share price. Such is the case to make sure that only the most actively traded stocks represent one of the world’s closely watched indices, providing accurate, real-time manifestations of the Canadian economy. This means that stocks held by the government, company insiders, and venture capitalists are not weighted on the S&P/TSX Composite Index.

For stocks to be included in the S&P/TSX Composite Index, they must first be listed on the TSX under the mandate of the Canadian government. They must make up at least 0.05% of the S&P/TSX Composite Index. This requirement guarantees a harmonious and perfectly balanced index. Sienna Senior Living Inc. complies with the rules for listing.

Liquidity is also an important consideration in maintaining the S&P/TSX Composite Index. The trading volume of each stock must compose at least 0.025% of the total trading volume of all stocks eligible for inclusion. In terms of price, each stock must have a minimum average trading price of C$1 in the three months immediately preceding the review date. It must also have a minimum trading price of C$1 in the three trading days immediately preceding the rebalancing.

The Organization of the Petroleum Exporting Countries (OPEC) has finally decided to minimize oil production as an answer to the long-time problem of oversupply. This means that crude oil prices are set to bounce back from the turmoil, lifting the TSX further. Consequently, investing on TSX stocks is just reasonable for investors nowadays. Professional analysts might be interested how this will affect Sienna Senior Living Inc..

More notable recent Sienna Senior Living Inc. (TSE:SIA) news were published by: Globenewswire.com which released: “Sienna Senior Living Inc. Reports 2017 Fourth Quarter Financial Results” on February 15, 2018, also Globenewswire.com with their article: “Sienna Senior Living Inc. Announces Closing of Common Share Offering for Gross …” published on February 09, 2018, Seekingalpha.com published: “Sienna Senior Living: Growth Continues” on August 17, 2017. More interesting news about Sienna Senior Living Inc. (TSE:SIA) were released by: Marketwired.com and their article: “Sienna Senior Living Announces Significant Expansion in Its Core Market and …” published on January 22, 2018 as well as Marketwatch.com‘s news article titled: “Sienna Senior Living Inc.” with publication date: October 14, 2017.

Sienna Senior Living Inc., through its subsidiaries, provides senior housing and long-term care services in Canada. The company has market cap of $1.10 billion. It operates through LTC business, Retirement, and Baltic divisions. It has a 39.18 P/E ratio. The firm owns and operates 35 LTC homes across Ontario with 5,733 beds; and 13 retirement residences representing 1,429 suites in the provinces of Ontario and British Columbia.

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