February 11, 2019 / 3:07 PM / 6 months ago

CANADA STOCKS-TSX flat as losses in energy shares eclipse trade hopes

Feb 11 (Reuters) - Canada’s main stock index was little changed on Monday, as hopes of progress in resolving U.S.-China trade dispute was offset by a drop in energy shares.

* At 9:37 a.m. ET (14:37 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 15.01 points, or 0.1 percent, at 15,648.34.

* China struck an upbeat note as the trade talks resumed on Monday, but it also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.

* Eight of the index’s 11 major sectors were higher.

* Energy stocks dropped 0.9 percent as U.S. crude prices were down 2.3 percent per barrel, while Brent crude lost 1.2 percent.

* An uptick in U.S. drilling and concerns over demand due to the slow progress in U.S.-Chinese trade talks weighed on oil prices.

* The financials sector edged up 0.2 percent, while the industrials sector marginally rose 0.3 percent.

* The materials sector, which includes precious and base metals miners and fertilizer companies, shed 0.3 percent. Gold futures fell 0.6 percent to $1,306 an ounce.

* On the TSX, 117 issues were higher, while 114 issues declined for a 1.03-to-1 ratio favouring gainers, with traded volume touching 11.44 million shares.

* The largest percentage gainer on the TSX were Restaurant Brands, which rose 3.7 percent after reporting better-than-expected profit and raising its 2019 dividend.

* Canada Goose Holdings Inc, which rose 2.7 percent, was the second biggest gainer.

* SNC-Lavalin Group Inc fell 5.8 percent, the most on the TSX, after the construction and engineering firm cut its full-year profit forecast due to mining dispute in Latin America.

* The second biggest decliner was Seven Generations Energy Ltd, down 3.1 percent.

* The most heavily traded shares by volume were Aurora Cannabis, Supreme Cannabis Co and Aphria Inc .

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

* Across all Canadian issues, there were 17 new 52-week highs and three new lows, with total volume touching 21.56 million shares. (Reporting by Medha Singh in Bengaluru; Editing by James Emmanuel)

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