* TSX up 78.81 points, or 0.7 pct, at 11,332.04
* Financial, energy sectors among big winners
* Materials group the lone decliner (Adds details)
By Wojtek Dabrowski
TORONTO, Sept 14 (Reuters) - Toronto's main stock index finished at a 2009 high on Monday, led by heavyweight energy and financial issues, as revived risk appetite and hopes the global economy is moving out of recession fueled a broad rally.
All but one of the TSX's ten main subgroups ended higher, with the energy sector adding 0.86 percent and financials gaining 1.32 percent.
The sole decliner was the resources-laden materials group, which slipped 0.87 percent.
"This is typically supposed to be a really volatile month and it's proved to be quite the contrary," Elvis Picardo, vice-president of research at Global Securities in Vancouver, said of the gains made in recent sessions.
"There continues to be a lot of confidence in Canadian banks," he said, adding that while there wasn't much news moving the market on Monday, expectations of an economic rebound are holding firm.
Indeed, banks and other financial institutions were among the winners on Monday: Canadian Imperial Bank of Commerce (CM.TO) rose 1.4 percent to end at C$63.85. Fairfax Financial (FFH.TO) rose 3.8 percent to close at C$385. Insurance group Sun Life Financial (SLF.TO) rose 2.9 percent to end at C$31.23.
Losers included some of the country's top mining names. Royal Gold RGL.TO fell 3.1 percent to finish at C$50.39. Barrick Gold (ABX.TO) gave up 1.6 percent to close at C$40.51.
The S&P/TSX composite index .GSPTSE rose 78.81 points, or 0.7 percent, to close at 11,332.04, its highest level since Oct 3.
The S&P/TSX 60 index .TSE60 of Canadian largecaps rose 5.41 points to close at 681.19.
Gavin Graham, director of investments at BMO Asset Management, said that large equity offerings, such as Barrick's $4 billion deal last week, are helping to build optimism -- despite continuing job losses.
"The risk appetite has returned," he said. "Whether that's justified is a completely different question."
In the United States, the Dow Jones industrial average .DJI added 21.39 points, or 0.22 percent, to end at 9,626.80. The tech-heavy Nasdaq .IXIC rose 10.88 points to close at 2,091.78.
$1=$1.08 Canadian Reporting by Wojtek Dabrowski; editing by Jeffrey Hodgson