TSX edges higher on healthcare boost; energy stocks fall
Reuters
Published May 13, 2021 07:23
Updated May 13, 2021 10:42
(Reuters) - Canada's main stock index rose on Thursday, supported by healthcare and consumer discretionary stocks, although energy stocks, tracking a more than 2% fall in crude oil prices, limited gains.
* At 9:46 a.m. ET (1346 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 27.19 points, or 0.14%, at 19,134.96.
* Retailer Canadian Tire Corp Ltd rose 7.4% after smashing estimates for first-quarter profit, as pandemic-weary people bought more bikes, patio furniture and pool supplies online to stay entertained during the COVID-19 pandemic.
* Canada Goose Holdings Inc, fell 6.2% despite posting a surprise profit and forecasting annual revenue above C$1 billion for the first time.
* The healthcare sector's 2.1% gain was the highest.
* The energy sector dropped 0.6% as U.S. crude prices were down 2.5% a barrel, while Brent crude lost 2.3%. [O/R]
* The financials sector gained 0.7%. The industrials sector rose 0.9%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.8% as gold futures fell 0.5% to $1,814.3 an ounce. [GOL/]
* On the TSX, 143 issues were higher, while 81 issues declined for a 1.77-to-1 ratio favouring gainers, with 28.11 million shares traded.
* The largest percentage gainers on the TSX were Canadian Tire Corp Ltd and Home Capital Group, rising 7.2% and 6.8% after their quarterly results beat.
* Pan American Silver Corp (TO:PAAS) fell 10.1%, the most on the TSX, after reporting a loss of 4 cents per share for the first quarter.
* The second-biggest decliner was AcuityAds Holdings Inc (TO:AT), down 5.4%.
* The most heavily traded shares by volume were Manulife Financial Corp (TO:MFC), Enbridge Inc (TO:ENB) and Black Iron Inc (TO:BKI).
* The TSX posted three new 52-week highs and no new lows.
* Across all Canadian issues, there were nine new 52-week highs and eight new lows, with total volume of 49.52 million shares.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.