TSX falls on oil weakness, dismal trade data
Reuters
Published Jun 04, 2020 10:24
June 4 (Reuters) - Canada's main stock index fell on Thursday as the heavyweight energy sector dropped on lower oil prices, with bleak trade data for April further denting sentiment.
* The nation's exports and imports plunged in April as the coronavirus-fueled lockdowns forced factories and retail stores to shut businesses, Statistics Canada said. At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 41.53 points, or 0.27%, at 15,533.58.
* The energy sector .SPTTEN dropped 0.9% as U.S. crude CLc1 prices were down 1.5%, while Brent crude LCOc1 lost 1.0%. O/R
* The financials sector .SPTTFS slipped 1.0%. The industrials sector .GSPTTIN remain unchanged.
* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.6% as gold futures GCc1 rose 0.9% to $1,713.3 an ounce. GOL/
* On the TSX, 68 issues were higher, while 158 issues declined for a 2.32-to-1 ratio to the downside, with 34.09 million shares traded.
* The largest percentage gainer on the TSX was Silvercorp Metals Inc SVM.TO , which jumped 5.8%.
* Its gains were followed by Methanex Corp MX.TO , which rose 5.4% after the methanol producer and supplier secured additional financial flexibility under its credit facilities.
* Baytex Energy Corp BTE.TO fell 4.7%, the most on the TSX.
* The second-biggest decliner was outdoor apparel maker Canada Goose Holdings Inc GOOS.TO , down 3.8%, after surging on Wednesday as it announced plans to limit shipments to department stores and focus on its own outlets and website.
* The most heavily traded shares by volume were Canadian Natural Resources Ltd CNQ.TO , down 0.9%; Suncor Energy Inc SU.TO , down 0.9% and Imperial Oil Ltd IMO.TO , down 1.0%.
* The TSX posted no new 52-week highs and no new lows.
* Across all Canadian issues there were five new 52-week highs and no new lows, with total volume of 51.07 million shares.
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Written By: Reuters
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