Get 40% Off
🤑 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

TSX gains on energy lift

Published 2019-08-22, 10:31 a/m
© Reuters.  TSX gains on energy lift
CL
-
GSPTSE
-
TRQ
-
MEG
-
SAP
-
SWY
-
SPTTEN
-
BSX
-
CNTTQ
-

Aug 22 (Reuters) - Canada's main stock index edged higher on Thursday, as energy companies were lifted by higher oil prices, but gains were limited by losses in precious metal miners weighed down by lower gold prices.

* Oil rose further above $60 a barrel on Thursday, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy remained.

* The energy sector .SPTTEN climbed 0.6%, the most among the major sectors.

* Sentiment was also helped by a clutch of better-than-expected purchasing manager surveys (PMI) out of Germany, France and the euro zone.

* However data from the U.S. showed manufacturing industries recorded their first month of contraction in almost a decade over concerns whether the U.S.-China trade conflict would tip the economy into a recession. At 10:00 a.m. ET (14:00 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 12.8 points, or 0.08%, at 16,322.03.

* On the TSX, 110 issues were higher, while 116 issues declined for a 1.05-to-1 ratio to the downside, with 21.08 million shares traded.

* The largest percentage gainers on the TSX were Turquoise Hill Resources Ltd TRQ.TO , which jumped 9.2% and MEG Energy Corp MEG.TO , which rose 3.4%.

* CannTrust Holdings TRST.TO fell 5.9%, the most on the TSX, and the second biggest decliner was Saputo Inc SAP.TO , down 4.6% after it announced plans to raise $599 million in equity.

* Among the most heavily traded shares by volume were Belo Sun Mining Corp BSX.TO and Stornoway Diamond Corp SWY.TO .

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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

* Across all Canadian issues there were 19 new 52-week highs and 10 new lows, with total volume of 44.29 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.