Real Matters Inc., a provider of network services for the mortgage and insurance industries, is the biggest gainer so far this year with a 282% surge. The rally has pushed the Markham, Ontario-based company’s market value beyond the $1 billion (US$819 million) mark. Last month, National Bank Financial upgraded the stock to outperform and said it “did not give enough respect to the correlation of Real Matters business with the market volumes for mortgages.”
The rotation from value to growth this year has been good for tech stocks, making them the country’s best performing group by a mile. The S&P/TSX Info Tech Index has gained more than 65% this year, adding about $58 billion (US$45 billion) in value.
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