July 7, 2020 / 11:49 AM / a month ago

TSX slips as virus surge weighs on energy stocks

(Reuters) - Canada’s main stock index retreated on Tuesday, with energy shares leading declines, on worries about the slower pace of an economic rebound after U.S. cases of COVID-19 surged.

FILE PHOTO: 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

* Florida’s greater Miami area became the latest U.S. coronavirus hot spot to roll back its reopening, and, for an eighth straight day, Texas registered an all-time high in the number of people hospitalized at any one moment.

* Oil prices fell amid concerns of lower demand due to surging infections, pushing the energy sector 1.5% lower.

* At 9:45 a.m. ET (1345 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 61.35 points, or 0.39%, at 15,608.32.

* The Canadian dollar weakened against its U.S. counterpart, with the loonie pulling back from a near two-week high hit the day before.

* Among other individual sectors and stocks, financials slipped 1.0% and industrials 0.2%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% after bullion prices fell.

* On the TSX, 44 issues were higher, while 173 issues declined for a 3.93-to-1 ratio to the downside, with 15.71 million shares traded.

* The largest percentage gainers on the TSX were Shopify Inc (SHOP.TO), which jumped 2.2% and First Quantum Minerals Ltd (FM.TO), which rose 1.8%.

* Enerplus Corp (ERF.TO) fell 5.2%, the most on the TSX. The second biggest decliner was Cenovus Energy Inc (CVE.TO), down 3.5%.

* The most heavily traded shares by volume were The Toronto-Dominion Bank (TD.TO), down 0.8%; St. Augustine Gold and Copper Ltd (SAU.TO), up 25.0% and Argonaut Gold inc (AR.TO), down 7.5%.

* The TSX posted 1 new 52-week highs and no new lows.

* Across all Canadian issues there were 19 new 52-week highs and no new lows, with total volume of 34.64 million shares.

Reporting by Shivani Kumaresan in Bengaluru; editing by Uttaresh.V

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