BUZZ-Magna International: Set for best day in nearly 6 months on strong Q2

Fri Aug 5, 2016 11:18am EDT
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** Canadian auto parts maker's shares up 5.6 pct at C$52.65, set for best day since late-Februray

** Stock is 3rd biggest pct gainer and the 3rd biggest boost on Canada's main stock index

** Magna's Q2 profit rises more than expected, helped by strong vehicle sales in North America and Europe

** Magna, also a contract manufacturer, hikes FY EBITDA view to about 8 pct from prior view of 'higher end of 7 pct'

** Stock cuts YTD losses to 6.4 pct; Canada main market index up 12.5 pct for the year