Feb 20 (Reuters) - Canada’s main stock index recovered from early losses to hit record highs on Thursday as gains in energy stocks and a surge in Northview Apartment REIT on a $4.8 billion offer, helped overcome rising fears of the global impact from the coronavirus.
* At 10:04 a.m. ET (15:04 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 20.04 points, or 0.11%, at 17,945.4, on course for its fourth-straight session of gains.
* Markets worldwide took a hit after a spike in the number of coronavirus cases outside China. New research suggested the virus was more contagious than previously thought, with South Korea reporting dozens of newly infected cases, while two passengers in a virus-hit cruise ship in Japan died.
* China, however, reported a dramatic fall in the number of new cases from the epicenter of the outbreak.
* The energy sector climbed 0.2% as U.S. crude prices rose 1.4% a barrel, while Brent crude added 0.7%.
* The largest percentage gainer on the TSX was Northview Apartment REIT, which jumped 12.3% after getting a $4.8 billion offer from real estate firms Starlight Group Property Holdings and KingSett Capital Inc.
* The financial sector gained 0.1%, while the industrials sector fell 0.2%.
* On the TSX, 141 issues were higher, while 84 issues declined for a 1.68-to-1 ratio favouring gainers, with 35.05 million shares traded.
* Sienna Senior Living fell 6.3%, the most on the TSX, after reporting fourth quarter results. The second biggest decliner was Ballard Power, down 5.6%.
* The most heavily traded shares by volume were Bombardier , Telus Corp and Aurora Cannabis.
* The TSX posted 22 new 52-week highs and no new lows.
* Across all Canadian issues there were 84 new 52-week highs and 7 new lows, with total volume of 54.61 million shares.
Reporting by Susan Mathew in Bengaluru; Editing by Bernard Orr