December 27, 2018 / 3:27 PM / 10 months ago

CANADA STOCKS-TSX surges over 2 percent, snaps four-day losing streak

Dec 27 (Reuters) - Canada’s main stock index surged more than 2 percent on Thursday, on track for its biggest one-day percentage gain in nearly three years, helped by gains across all major sectors.

* At 9:42 a.m. ET (1442 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was up 278.75 points, or 2.02 percent, at 14,058.94.

* TSX rose after snapping a four-day losing streak with energy stocks leading gains, indicating that investors were slowly stepping back into the commodity-linked market, as oil is one of Canada’s biggest exports.

* The energy sector surged 3.9 percent, followed by a 3.6 percent gain in the technology sector.

* The financials sector gained 1.8 percent, while the industrials rose 2.4 percent.

* The materials sector, which includes precious metal miners, added 1.4 percent on rise in gold prices helped by a weaker dollar and a rebound in copper prices.

* On the TSX, 226 issues were higher, while 14 issues declined for a 16.14-to-1 ratio favouring gainers, with traded volume touching 20 million shares.

* Top percentage gainers on the TSX were shares of energy company Encana Corp, which soared 12 percent, followed by shares of online retailer Shopify Inc, which climbed 11 percent.

* Department store retailer, Hudson’s Bay Co, fell 0.5 percent, the most on the TSX.

* The most heavily traded shares by volume were of Aphria Inc, Pengrowth Energy Corp and Aurora Cannabis Inc.

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

* Across all Canadian issues, there were two new 52-week highs and 55 new lows, with total volume touching 37.63 million shares. (Reporting by Shreyashi Sanyal in Bengaluru;p Editing by James Emmanuel)

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