April 19, 2018 / 2:16 PM / 3 months ago

CANADA STOCKS-TSX slightly lower as financials, consumer cyclicals offset oil boost

April 19 (Reuters) - Canada’s main stock index was slightly lower on Thursday, as declines in financials and consumer cyclical companies weighed, but strong gains in energy shares that benefited from a rally in oil prices kept further losses in check.

* At 9:52 a.m. ET (1352 GMT), the Toronto Stock Exchange’s S&P/TSX Composite Index was down 8.89 points, or 0.06 percent, at 15,521.08 after a five-day rally.

* The energy sector, which accounts for nearly a fifth of the index’s weight, advanced 1.2 percent, helped by a 1.7 percent rise in shares of Canadian Natural Resources and other oil and gas producers.

* Oil prices continued to climb to their highest since late 2014 amid a decline in U.S. crude inventories and after sources said top exporter Saudi Arabia aims to push prices even higher.

* Brent crude futures was 82 cents higher at $74.30 a barrel while WTI crude futures rose 46 cents to $68.93.

* Eight of the 10 main index sectors were in the red.

* The heavy weight financial sector was 0.3 percent lower, as marginal declines in shares of big banks weighed.

* Gold prices dipped as dollar rose and global geopolitical tensions declined.

* Barrick Gold’s unit, Acacia Mining, reported that its profit halved in the first quarter mainly due to lower production at its flagship mine.

* The TSX posted 13 new 52-week highs and one new low.

* The biggest percentage gainer on the TSX was Trican Well Service, which rose 3.4 percent, while the largest decliner was Interfor Corp, down 2.9 percent.

* Neovasc Inc, Athabasca Oil Co and Aurora Cannabis were among the most active Canadian stocks by volume.

* Volume on the TSX index was 22.37 million shares, while the total volume on Thursday was 43.39 million shares. (Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)

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