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Power Financial loses CAD221.3 million (US$168.9 million) in MCap, steepest heavyweight fall in Insurance - life sector November 06, 2018 17:00 EST

Nov 06, 2018 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Power Financial Corporation (TSX:PWF), Canada's 3rd largest Insurance - life company by market cap, has decreased 31.0c (1.1%) from its last trading session of November 05 to close at CAD28.76. Compared with the S&P/TSX 60 Index which rose 4.7 points (0.5%) in the day, the relative price change was -1.6%. The fall was exacerbated by robust volume of 1.4 times the average daily volume of 486,312 shares. It posted the steepest fall in MCap with the most influence ...