CANADA STOCKS-TSX bounces back from two-day post-Brexit slide

Tue Jun 28, 2016 10:11am EDT
 
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(Adds details from early trade, updates prices)

* TSX up 156.61 points, or 1.14 percent, at 13,846.40

* Nine of the TSX's 10 main groups move higher

TORONTO, June 28 (Reuters) - Canada's main stock index rose on Tuesday, paring some of the losses inflicted in the prior two sessions after Britain's shock vote to leave the European Union.

Banks and energy companies, both of which had fallen heavily since Thursday's vote, were leading the rebound in early trade, as investors sought bargains amid the uncertainty created by the so-called Brexit.

The most influential movers on the index included Toronto-Dominion Bank, which rose 1.6 percent to C$55.39, and Suncor Energy Inc, which advanced 2.2 percent to C$35.09.

The energy group climbed 2.8 percent as crude prices gained. . The financials group gained 1.4 percent.

Gold miners, which had helped limit the TSX's overall losses with strong gains on Friday and Monday, were among the heaviest weights, with Barrick Gold Corp down 2.1 percent to C$27.02 and Goldcorp Inc slipped 1.4 percent to C$23.72.

The Toronto Stock Exchange's S&P/TSX composite index was up 156.61 points, or 1.14 percent, at 13,846.40. Advancers outnumbered decliners by more than 6-to-1.   Continued...