🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

TSX edges higher as energy stocks track oil gains

Published 2019-04-18, 10:00 a/m
© Reuters.  TSX edges higher as energy stocks track oil gains
LCO
-
CL
-
RCI
-
GSPTSE
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
GSPTTTS
-
SPTTEN
-
WEED
-
HEXO
-
ACB
-
ACRGu
-

April 18 (Reuters) - Canada's main stock index edged higher on Thursday, supported by energy stocks, although global growth concerns and a drop in shares of Rogers Communications kept a lid on further gains.

* At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 21.67 points, or 0.13 percent, at 16,565.91.

* The main index is now on track to extend gains on to a fourth straight week.

* Ten of the index's 11 major sectors were higher, led by the energy sector .SPTTEN , which climbed 0.2 percent.

* U.S. crude CLc1 prices were up 0.2 percent, while Brent crude LCOc1 added 0.4 percent.

* Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies and U.S. sanctions on Venezuela and Iran. O/R

* Rogers Communications Inc RCIb.TO tumbled 5.2 percent, the most on the TSX, after the company reported a quarterly profit that missed estimates on lower revenue from its media business. Rogers dragged down the TSX communications services sector .GSPTTTS , which fell 1.3 percent and was the only sector trading in the red.

* Euro zone businesses started this quarter on the back foot, with growth unexpectedly slowing again while. The sluggish data helped gold prices rise, which lifted the materials sector .GSPTTMT that added 0.1 percent. GOL/

* The financials sector .SPTTFS gained 0.2 percent, while the industrials sector .GSPTTIN rose 0.3 percent.

* On the TSX, 126 issues were higher, while 93 issues declined for a 1.35-to-1 ratio favouring gainers, with 9.29 million shares traded.

* The largest percentage gainer on the TSX was Canopy Growth Co WEED.TO , which jumped 8.6 percent after the company said it would buy U.S.-based pot firm Acreage Holdings ACRGu.CD in a deal valued at $3.4 billion. The most heavily traded shares by volume were Hexo Corp HEXO.TO , Aurora Cannabis ACB.TO and Canopy Growth.

* The TSX posted four new 52-week highs and two new lows.

* Across all Canadian issues, there were 20 new 52-week highs and five new lows, with total volume of 16.80 million shares.

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.