June 4, 2018 / 11:42 AM / 3 months ago

TSX edges up 0.05 percent, buoyed by financials

SAN FRANCISCO (Reuters) - The Toronto Stock Exchange’s S&P/TSX rose 8.70 points, or 0.05 percent, to 16,052.24.

FILE PHOTO: A darkened television studio is seen at the offices of TMX Group, which operates the Toronto Stock Exchange, after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada April 27, 2018. REUTERS/Chris Helgren/File Photo

The biggest contributor to the TSX gain was Royal Bank of Canada and financials were the top sector contributor. 

Leading the index were NexGen Energy Ltd , up 9.1 percent, Hudson’s Bay Co , up 7.2 percent, and Ivanhoe Mines Ltd , higher by 5.1 percent.

Lagging shares were Tahoe Resources Inc , down 7.1 percent, Raging River Exploration Inc, down 5.9 percent, and Cenovus Energy Inc, lower by 5.7 percent.

On the TSX 130 issues advanced and 114 declined as a 1.1-to-1 ratio favored advancers. There were 12 new highs and 2 new lows, with total volume of 172.0 million shares.

The most heavily traded shares by volume were Cenovus Energy Inc , Baytex Energy Corp  and Canopy Growth Corp.

The TSX’s energy group  fell 4.54 points, or 2.25 percent, while the financials sector climbed 0.88 points, or 0.3 percent.

West Texas Intermediate crude futures fell 1.41 percent, or $0.92, to $64.89 a barrel. Brent crude  fell 1.86 percent, or $1.43, to $75.36 [O/R]

The TSX is off 1 percent for the year.

Reporting by Noel Randewich

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