CANADA STOCKS-TSX ekes out gain as energy rally offsets broad drop

Tue Apr 14, 2015 5:12pm EDT
 
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(Adds fund manager comment, updates prices to close)

* TSX gains 5.69 points, or 0.04 percent, at 15,389.28

* Nine of the 10 main sectors fall

* Energy shares seen boosted by Mideast tensions, price outlook

By Alastair Sharp

TORONTO, April 14 (Reuters) - Canada's main stock index eked out a small gain on Tuesday as a rally in energy stocks single-handedly held off steep declines in a range of industrial, consumer and mining shares.

The Toronto Stock Exchange's S&P/TSX composite index ended a seven-day win streak on Monday that took it to its highest since September, and has since fluctuated around 15,400 points.

The index ended up 5.69 points, or 0.04 percent, at 15,389.28 on Tuesday. Of the 10 main sectors, only energy rose.

One fund manager said the rebound in energy stocks was helped by a range of factors, including rising geopolitical concerns in the Middle East, a more optimistic view on merger opportunities and the long-term oil price outlook after Royal Dutch Shell made a bid for BG Group last week.   Continued...