Toronto stocks little changed amid profit-taking

Fri May 9, 2008 10:07am EDT
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TORONTO May 9 (Reuters) - The Toronto Stock Exchange's main index was little changed on Friday morning, as profit-taking undermined gains in the energy sector.

The S&P/TSX composí e index .GSPTSE was up 16.94 points, or 0.12 percent, at 14,624.93 after bouncing around both sides of the break-even mark after the open. It was in sight of the record high of 14,646.82.

On the downside, the materials sector led the way, giving up 1.1 percent, while the gold producers subindex slid 1.6 percent.

The heavyweight energy sector edged up 0.2 percent as crude oil prices scaled new heights.

Of the benchmark's 10 main sectors, seven were higher. (Reporting by Leah Schnurr; editing by Peter Galloway)