CANADA STOCKS-TSX rises on gains in bank shares
Published Jan 16, 2019 10:18
CANADA STOCKS-TSX rises on gains in bank shares
Jan 16 (Reuters) - Canada's main stock index rose on Wednesday, helped by gains in bank shares on a day which saw strong quarterly earnings from big U.S. lenders.
* At 9:37 a.m. ET (1437 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 57.23 points, or 0.38 percent, at 15,103.51.
* The main index rose for its ninth straight session.
* All of the index's 11 major sectors were higher, led by a 0.7 percent gain in the financials sector .SPTTFS .
* The optimism spilled over from Wall Street, which rose after strong earnings reports from Goldman Sachs (NYSE:GS) GS.N and Bank of America (NYSE:BAC) BAC.N . The materials sector .GSPTTMT , which includes precious and base metals miners, added 0.1 percent, as nickel touched a 10-week high and gold prices were steady. GOL/ MET/L
* On the TSX, 163 issues were higher, while 67 issues declined for a 2.43-to-1 ratio favouring gainers, with 12.74 million shares traded.
* Top percentage gainer on the TSX were shares of First Quantum Minerals FM.TO , which jumped 7.6 percent after announcing preliminary 2018 production and sales numbers. NFI Group In NFI.TO fell 10.8 percent, the most on the TSX, after announcing its 2019 outlook. The most heavily traded shares by volume were those of Aurora Cannabis ACB.TO , Argex Titanium Inc RGX.TO , and Encana Corp ECA.TO .
* The TSX posted one new 52-week high and one new low.
* Across all Canadian issues there were four new 52-week highs and one new low, with total volume of 20.84 million shares.
Get The App
Written By: Reuters
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.