January 13, 2020 / 3:30 PM / a month ago

CANADA STOCKS-TSX inches lower as losses in commodity stocks outweigh tech gains

(Adds details, updates prices)

Jan 13 (Reuters) - Canada’s main stock index edged lower on Monday, as weaker commodity stocks outweighed gains in the technology sector, with the broader market focusing on the fine print of an interim U.S.-China trade deal expected later this week.

* Staying near all-time highs hit last week, the Toronto Stock Exchange’s S&P/TSX composite index was down 12.29 points, or 0.07%, at 17,222.2 by 10:01 a.m. ET (15:01 GMT).

* The United States and China are set to sign a Phase 1 trade deal on Wednesday, but the two nations have not yet finalized what, exactly, will be signed.

* The energy sector dropped 1.5% as oil prices traded below the $65 per barrel mark, with easing tensions in the Middle East continuing to curb fears of supply disruptions.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5% as a drop in gold prices undercut major gold mining stocks.

* Technology shares rose 1% and were the best performing sector, with online services provider Shopify Inc leading gains after Credit Suisse raised its target price for the stock.

* On the TSX, 92 issues were higher, while 133 issues declined for a 1.45-to-1 ratio to the downside, with 27.65 million shares traded.

* The largest percentage gainers on the TSX were Ballard Power Systems Inc, which rose about 10%, and cannabis firm Hexo Corp, which added 6.3%.

* Corus Entertainment Inc fell 7.3%, the most on the TSX.

* The most heavily traded shares by volume were Aurora Cannabis, Baytex Energy Co and Encana Corp .

* The TSX posted 13 new 52-week highs and one new low.

* Across all Canadian issues there were 52 new 52-week highs and four new lows, with total volume of 50.77 million shares.

Reporting by Ambar Warrick in Bengaluru; Editing by Aditya Soni

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below