Shares of Shaw Communications Inc. Cl B NV SJR.B, +7.79% rallied 7.79% to C$37.34 Monday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +1.34% rising 1.34% to 19,183.63.
This was the stock’s second consecutive day of gains. Shaw Communications Inc. Cl B NV closed C$2.15 short of its 52-week high (C$39.49), which the company reached on April 8th. Trading volume of 2.2 M shares eclipsed its 50-day average volume of 2.2 M.