March 12, 2019 / 11:27 AM / 10 days ago

TSX rises to 5-month high led by materials, energy stocks

(Reuters) - Canada’s main stock index hit a five-month high on Tuesday as energy shares gained on higher oil prices and materials companies got a boost from an uptick in gold prices.

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

* At 9:55 a.m. ET (13:55 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 25.07 points, or 0.16 percent, at 16,131.31.

* Eight of the index’s 11 major sectors were higher, led by the material sector, which includes precious and base metals miners, as gold prices edged up.

* The energy sector further boosted the index, rising 0.9 percent as oil prices rose on the day.

* The industrials and the technology sector were marginally lower.

* Canadian dollar edged lower against its U.S. counterpart, but held near its strongest in nearly a week.

* On the TSX, 138 issues were higher, while 92 issues declined for a 1.50-to-1 ratio favoring gainers, with 21.11 million shares traded.

* The largest percentage gainers on the TSX were Eldorado Gold Corp, which jumped 4.1 percent, and Peyto Exploration and Development Corp, which rose 3.5 percent.

* Empire Company Ltd fell 5 percent, the most on the TSX, after Desjardins cut its price target on the stock.

* The most heavily traded shares by volume were Aurora Cannabis, Niko Resources Ltd and Village Farms International Inc.

* The TSX posted five new 52-week highs and no new lows.

* Across all Canadian issues, there were 38 new 52-week highs and two new lows, with total volume of 40.03 million shares.

Reporting by Agamoni Ghosh; Editing by Shinjini Ganguli

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