CANADA STOCKS-TSX tips higher in choppy session

Wed Jun 23, 2010 4:38pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* TSX edges up 0.08 percent to finish at 11,807.50

* Rising materials offset by declining financials (Adds details, official closing figures)

By Ka Yan Ng

TORONTO, June 23 (Reuters) - Toronto's main stock index was slightly higher on Wednesday at the end of a choppy session marked by disappointing data and mixed commodity prices.

Gold companies, despite soft gold prices, were the main source of strength in the materials group, which was up 1.21 percent to lead six advancing sectors of the index's 10 main groups.

Goldcorp G.TO added 2.79 percent to C$46.41, while Barrick Gold ABX.TO was up 0.96 percent to C$46.46. Kinross Gold K.TO gained 2.1 percent to C$18.92.

But a sharp decline in the financials group, which was off 0.9 percent, limited the overall index's gains. Canada's five biggest banks were all lower, with Royal Bank of Canada RY.TO down 1.21 percent at C$53.75.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE finished up 9.56 points, or 0.08 percent, to finish at 11,807.50.

"Today people are really sitting on the fence and with such thin volumes, it's a very, very tough market to predict," said Michael Sprung, president at Sprung & Co. Investment Counsel.   Continued...