CANADA STOCKS-TSX inches up as broad gains offset mining weakness

Wed Aug 3, 2016 10:32am EDT
 
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(Adds details on stocks and sectors, updates prices)

* TSX up 9.19 points, or 0.06 percent, to 14,486.20

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

* Materials stocks down 1.6 pct

TORONTO, Aug 3 (Reuters) - Canada's main stock index inched higher on Wednesday as broad gains offset losses among gold miners and other materials stocks.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.4 percent even though the price of bullion was hovering near a three-week high.

But six of the index's 10 main groups were in positive territory, although decliners were outnumbering gainers overall.

At 10:09 a.m. EDT (1409 GMT), the Toronto Stock Exchange's S&P/TSX composite index rose 9.19 points, or 0.06 percent, to 14,486.20. It had opened lower.

The energy group climbed 0.6 percent and financials gained 0.4 percent. Those two sectors account for more than half the index's weight.   Continued...