CANADA STOCKS-TSX little changed as investors sidelined on uncertainty

Wed Aug 26, 2015 12:06pm EDT
 
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(Recasts with market reaction, analyst comment, details)

* TSX down 12.66 points, or 0.10 percent, to 13,138.27

* Five of the TSX's 10 main groups down

By Solarina Ho

TORONTO, Aug 26 (Reuters) - Canada's benchmark stock index was flat on Wednesday, paring earlier gains as investors failed to shake off concerns over slumping growth in China.

The TSX jumped more than 1 percent at the open to a high of 13,360.49, but failed to sustain the rally.

"We're still trying to consolidate after the dramatic moves this week. The intraday swings left only the aggressive traders who are bottom pickers in this market," said John Ing, president of Maison Placements Canada.

"Most investors are staying on the sidelines, just seeing how the dust settles," he said.

At midday EDT (1600 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 12.66 points, or 0.10 percent, to 13,138.27.   Continued...