February 12, 2018 / 12:27 PM / 7 months ago

TSX posts biggest one-day gain in 19 months as global stocks, oil, metals climb

TORONTO (Reuters) - Canada’s main stock index recovered on Monday to post its biggest one-day gain since July 2016, with all 10 sectors in positive territory, taking their cue from a rebound in global stocks, oil and metals following a brutal week.

The Canadian Securities Exchange (CSE), an alternative stock exchange office, sign hangs at its office in Toronto, Ontario, Canada, January 5, 2018. REUTERS/Chris Helgren

The Toronto Stock Exchange’s S&P/TSX composite index closed up 206.87 points, or 1.4 percent, at 15,241.88.

Monday’s gains came after a 3.66 percent drop in the index last week led to its lowest close in five months.

The world stocks index climbed 1.2 percent.

Consumer cyclicals led gains with a 2.5 percent jump.

Copper miner Ivanhoe Mines was the biggest gainer on the index, posting a 10.7 percent jump. The company said last week that Egizio Bianchini, former co-head of BMO Capital Markets’ global metals and mining group, would become its executive vice chairman.

First Majestic Silver Corp was the second-biggest gainer, rising 9.4 percent.

Copper futures rose 1.6 percent to $6,862 a tonne at 4:07 p.m. (2107 GMT), while silver added 0.9 percent to $16.50 an ounce and gold prices advanced 0.4 percent to $1,322.02 an ounce.

Aecon Group was the worst performer, with a 1.8 percent drop after its $1.5 billion takeover by China’s CCCC International Holding was delayed because of an extended national security review of the deal by Canada.

Yamana Gold and marijuana producer Canopy Growth Corp were the most actively traded stocks on the index.

There were 231 advancing stocks and 13 declining ones on the index.

Reporting by Nichola Saminather; Editing by Peter Cooney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below