Aug 26 (Reuters) - Canada’s main stock index rose on Wednesday, supported by gains in Royal Bank of Canada and National Bank of Canada after the lenders reported strong quarterly results.
* The financials sector gained 0.8% as Royal Bank of Canada and National Bank of Canada jumped 2% and 1.6%, respectively, after both of them beat analysts’ estimates for third-quarter profit.
* At 9:37 a.m. ET (13:37 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 20.66 points, or 0.12%, at 16,638.14.
* The energy sector dropped 0.7% even as U.S. crude prices gained 0.5% a barrel, while Brent crude added 0.2%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% despite gold futures shedding 0.1% to $1,909.7 an ounce.
* On the TSX, 81 issues were higher, while 125 issues declined for a 1.54-to-1 ratio to the downside, with 9.27 million shares traded.
* The largest percentage gainer on the TSX was Hudbay Minerals Inc, which jumped 3.4% after brokerage Credit Suisse raised its price target for the mining company’s stock.
* Its gains were followed lumber producer Canfor Corporation , which rose 2.5%.
* Port services company Westshore Terminals Investment Corp fell 13.6%, the most on the TSX, and the second-biggest decliner was media company Corus Entertainment Inc, down 3.3%.
* The most heavily traded shares by volume were Northern Dynasty Minerals Ltd, Royal Bank of Canada, and Toronto-Dominion Bank.
* The TSX posted no new 52-week highs and no new lows.
* Across all Canadian issues there were 25 new 52-week highs and four new lows, with total volume of 19.24 million shares. (Reporting by Amal S in Bengaluru; Editing by Aditya Soni)
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