🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

TSX rises as energy stocks gain on higher oil prices

Published 2019-07-22, 09:54 a/m
© Reuters.  TSX rises as energy stocks gain on higher oil prices
LCO
-
CL
-
GSPTSE
-
HCG
-
ATRL
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
AG
-
RY
-
FCU
-
NMX
-
UXXc2
-

July 22 (Reuters) - Canada's main stock index rose on Monday, as energy stocks gained on the back of higher oil prices.

* At 9:33 a.m. ET (1333 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 25 points, or 0.15%, at 16,510.94.

* Seven of the index's 11 major sectors were higher.

* The energy sector .SPTTEN climbed 0.2% as oil prices rose on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. O/R

* U.S. crude CLc1 prices were up 0.5%, while Brent crude LCOc1 added 0.8%.

* The financials sector .SPTTFS gained 0.1%.

* The materials sector .GSPTTMT , which includes precious and base metal miners and fertilizer companies, added 0.1% as gold prices held steady. GOL/

* Statistics Canada said wholesale trade fell 1.8% in May after five months of gains, as sales in the motor vehicle and auto parts industries dropped. Analysts in a Reuters poll had predicted an increase of 0.5% in May from April. The national statistics agency said wholesale inventories increased for a ninth consecutive month, jumping 1.1%, while sales volume decreased by 1.9%.

* On the TSX, 147 issues were higher, while 73 issues declined for a 2.01-to-1 ratio favouring gainers, with 6.45 million shares traded.

* The top percentage gainers on the TSX were First Majestic Silver FR.TO , which jumped 1.6% followed by Home Capital Group HCG.TO , which rose 1.5%.

* SNC Lavalin SNC.TO fell 6.9%, the most on the TSX, after the construction and engineering firm withdrew its forecast for 2019, on significantly lower results as it considers options for its resources unit and exits fixed-price contracts. The most heavily traded shares by volume were Nemaska Lithium Inc NMX.TO , Royal Bank of Canada RY.TO and Fission Uranium FCU.TO .

* The TSX posted five new 52-week highs and no new low.

* Across all Canadian issues there were 20 new 52-week highs and three new lows, with total volume of 13.79 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.