CANADA STOCKS-TSX rebounds 20 pct from Jan trough, makes new 5-month high

Tue Apr 19, 2016 4:59pm EDT
 
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(Adds portfolio manager quotes, details on Suncor Energy, updates prices)

* TSX closed up 147.46 points, or 1.07 percent, at 13,867.28

* The index touched its highest since Oct. 28 at 13,871.84

* Index has rebounded 20 percent from its January trough

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

By Fergal Smith

TORONTO, April 19 (Reuters) - Canada's main stock index rose to a fresh five-month high on Tuesday, as energy and materials stocks gained on higher commodity prices, while financial sector stocks also advanced.

The index has rallied 20 percent since hitting a near 3-1/2-year low in January, a threshold considered by some as indicative of a bull market. However, its September 2014 peak at 15,685.13 remains well out of view.

Less bad than feared corporate earnings has helped drive positive sentiment, according to Manash Goswami, a portfolio manager at First Asset Investment Management Inc.   Continued...