Shares of Corby Spirit and Wine Limited (TSE:CSW.B) last traded at 17.55, representing a move of -1.4%, or -0.25 per share, on volume of 3,685 shares. After opening the trading day at 17.6, shares of Corby Spirit and Wine Limited traded in a close range. Corby Spirit and Wine Limited currently has a total float of 29.62 million shares and on average sees 1,188 shares exchange hands each day. The stock now has a 52-week low of 16.5 and high of 19.6.

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. Corby Spirit and Wine Limited 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. Corby Spirit and Wine Limited 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 Corby Spirit and Wine Limited.

More recent Corby Spirit and Wine Limited (TSE:CSW.B) news were published by: Seekingalpha.com which released: “Corby Spirit And Wine: Wiser’s Whisky Makes For Tasty Dividends – Seeking Alpha” on September 05, 2018. Also Seekingalpha.com published the news titled: “Jonathan Cooper Portfolio Review, September 2018 – Seeking Alpha” on September 17, 2018. Nasdaq.com‘s news article titled: “Earnings Season Shows Strong Revenue Momentum – Nasdaq” with publication date: July 27, 2018 was also an interesting one.

Corby Spirit and Wine Limited markets and distributes spirits and imported wines. The company has market cap of $519.80 million. It portfolio includes brands, such as J.P. It has a 18.28 P/E ratio. Wiser's Canadian whiskies, Lamb's rum, Polar Ice vodka, and McGuinness liqueurs; international brands, including ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahl??a liqueur, and Mumm Champagne, as well as Jacob's Creek, Stoneleigh, Graffigna, Campo Viejo, and Wyndham Estate wines.