June 12, 2020 / 2:40 PM / a month ago

CANADA STOCKS-TSX gains on energy lift

June 12 (Reuters) - Canada’s main stock index rose on Friday, a session after stocks suffered their worst session in nearly 11 weeks, as the heavyweight energy sector jumped about 5% on higher oil prices.

* Also supporting the main index, the materials sector added 1.6% as gold prices rose as fears of a resurgence in coronavirus infections and a grim economic outlook by the U.S. Federal Reserve boosted demand for bullion.

* At 10:04 a.m. ET (14:04 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 342.2 points, or 2.27%, at 15,393.12. The index ended down 4.14% on Thursday.

* Energy stocks climbed 4.5%, leading gains among Canada’s main sectors, as U.S. crude prices rose 1.2% a barrel and Brent crude added 1.9%.

* The largest percentage gainers on the TSX were oilfield services and equipment provider Shawcor Ltd, which jumped 40%, and Secure Energy Services Inc, which rose 19.1%.

* A flash estimate showed Canada’s producer prices gained 1.2% in May from April, the first increase recorded this year, led by strong gains in meat prices as the COVID-19 pandemic closed down packing plants.

* On the TSX, 223 issues were higher, while 7 issues declined for a 31.86-to-1 ratio favouring gainers, with 54.30 million shares traded.

* Pretium Resources Inc fell 1.3%, the most on the TSX, and the second biggest decliner was ECN Capital Corp , down 0.5%.

* The most heavily traded shares by volume were Bombardier Inc, Hexo Corp and Baytex Energy Corp .

* The TSX posted two new 52-week highs and no new low.

* Across all Canadian issues there were three new 52-week highs and no new low, with total volume of 92.74 million shares. (Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel)

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