March 5, 2020 / 3:15 PM / in 25 days

CANADA STOCKS-TSX slips on fears of coronavirus spreading; gold miners benefit

(Adds details, updates prices)

March 5 (Reuters) - Canada’s main stock index fell on Thursday, as investors worried over the economic impact of the coronavirus following an increase in the U.S. death toll, while gold miners benefited from safe-haven demand.

* At 9:49 a.m. ET (1449 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 206.48 points, or 1.23%, at 16,573.05.

* Wall Street indexes plunged on Thursday as the U.S. death toll from the virus rose to 11 on Wednesday, following which the country’s most populous state, California, declared an emergency.

* Canada’s energy sector dropped 2.2% and the financials and industrials sectors fell 1.7% and 1.6%, respectively.

* In a sole bright spot, the materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% on strength in gold and base metal prices.

* On the TSX, 38 issues were higher, while 191 issues declined for a 5.03-to-1 ratio to the downside, with 29.55 million shares traded.

* The largest percentage gainers on the TSX were Novagold Resources, which jumped 2.6%, and Yamana Gold Inc , which rose 2.1%.

* Spin Master Corp fell 36.2%, the most on the TSX, after it said the coronavirus will impact its global operations. The second biggest decliner was Cineplex, down 9.2%.

* The most heavily traded shares by volume were Chinook Energy and Bombardier B.

* The TSX posted one new 52-week high and 12 new lows.

* Across all Canadian issues, there were 19 new 52-week highs and 35 new lows, with total volume of 51.77 million shares.

Reporting by Ambar Warrick in Bengaluru; Editing by Amy Caren Daniel and Shinjini Ganguli

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