CANADA STOCKS-TSX posts biggest one-day gain in 19 months as global stocks, oil, metals climb
Published Feb 12, 2018 16:29
CANADA STOCKS-TSX posts biggest one-day gain in 19 months as global stocks, oil, metals climb
By Nichola Saminather
TORONTO, Feb 12 (Reuters) - Canada's main stock index recovered on Monday to post its biggest one-day gain since July 2016, with all 10 sectors in positive territory, taking their cue from a rebound in global stocks, oil and metals following a brutal week.
* The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed up 206.87 points, or 1.4 percent, at 15,241.88.
* Monday's gains came after a 3.66 percent drop in the index last week led to its lowest close in five months.
* The world stocks index .MIWD00000PUS climbed 1.2 percent.
* Consumer cyclicals led gains with a 2.5 percent jump.
* Copper miner Ivanhoe Mines IVN.TO was the biggest gainer on the index, posting a 10.7 percent jump. The company said last week that Egizio Bianchini, former co-head of BMO Capital Markets' global metals and mining group, would become its executive vice chairman. First Majestic Silver Corp FR.TO was the second-biggest gainer, rising 9.4 percent.
* Copper futures CMCU3 rose 1.6 percent to $6,862 a tonne at 4:07 p.m. (2107 GMT), while silver XAG= added 0.9 percent to $16.50 an ounce and gold prices XAU= advanced 0.4 percent to $1,322.02 an ounce.
* Aecon Group ARE.TO was the worst performer, with a 1.8 percent drop after its $1.5 billion takeover by China's CCCC International Holding was delayed because of an extended national security review of the deal by Canada. Yamana Gold YRI.TO and marijuana producer Canopy Growth Corp WEED.TO were the most actively traded stocks on the index.
* There were 231 advancing stocks and 13 declining ones on the index.
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Written By: Reuters
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