UPDATE 2-Toronto stocks tumble as resource shares drag
*TSX falls for second session as resources slide
*Energy and materials hurt by worries over resource demand
*Financials climb to end as only sector in the positive (Updates closing numbers, adds details)
TORONTO, Sept 3 (Reuters) - The Toronto Stock Exchange's main index slumped for a second day in a row on Wednesday, as concerns about falling demand for commodities dragged down resource shares.
Gains in the financial sector -- the only group to end higher -- pulled the index back from session lows as investors moved money out of the commodity-related companies and into banks. Among the gainers, Bank of Montreal (BMO.TO: Quote) rose 2.7 percent.
The index fell more than 1 percent, extending a 3 percent slide on Tuesday, as the materials and energy sectors fell along with oil and gold prices, as worries over softening demand took hold and the U.S. dollar strengthened.
The S&P/TSX composite index .GSPTSE closed down 161.82 points, or 1.22 percent, at 13,137.72 with all but one of its 10 main sectors in negative territory. It had earlier hit a low of 12,959.86.
The materials sector led declines, giving up 3.9 percent as they were hurt by losses in the gold producers subindex. Fertilizer company Potash Corp of Saskatchewan (POT.TO: Quote) also dragged, falling 4.7 percent to C$164.53. Continued...