February 3, 2020 / 3:13 PM / 2 months ago

CANADA STOCKS-TSX rises after two sessions of losses

Feb 3 (Reuters) - Canada’s main stock index rose on Monday after two sessions of declines as China’s move to infuse liquidity in its economy supported sentiment, but a slip in energy stocks due to lower oil prices capped gains.

* China’s central bank lowered reverse repo rates and injected 1.2 trillion yuan of liquidity into the markets in a bid to soften the blow on the economy from a rapidly spreading virus.

* The technology and healthcare sectors rallied more than 1% each and led gains among the major Canadian sectors.

* At 09:47 a.m. ET (14:47 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 73.29 points, or 0.42%, at 17,391.78.

* Domestic data on Monday showed Canadian manufacturing activity expanded in January for the fifth straight month as a measure of new orders rose and business optimism strengthened, but the pace of growth remained sluggish.

* The energy sector dropped 0.3%, as U.S. crude prices were down 1.0% a barrel, while Brent crude lost 1.7%.

* Oil prices fell after the coronavirus outbreak hit fuel demand in China, the world’s biggest crude oil importer.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.4% as gold futures fell.

* On the TSX, 161 issues were higher, while 67 issues declined for a 2.40-to-1 ratio favouring gainers, with 17.12 million shares traded.

* The largest percentage gainers on the TSX were Lightspeed POS Inc, which jumped 2.8% and Open Text Corp , which rose 2.9%.

* Semafo Inc fell 4.7%, the most on the TSX, while Oceanagold Corp was the second biggest decliner, down 4%

* The most heavily traded shares by volume were Aurora Cannabis, Bombardier and Bank Of Montreal .

* The TSX posted nine new 52-week highs and three new lows.

* Across all Canadian issues there were 24 new 52-week highs and 13 new lows, with total volume of 32.44 million shares. (Reporting by Susan Mathew in Bengaluru;)

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