🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

TSX rises on oil boost, hopes of lockdown easing

Published 2020-04-23, 10:00 a/m
© Reuters.
XAU/USD
-
GC
-
LCO
-
CL
-
GSPTSE
-
CVE
-
SRU_u
-
GIL
-
FEC
-
VET
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
SZLS
-

April 23 (Reuters) - Canada's main stock index rose on Thursday as oil prices recovered on hopes of production cuts, while some provinces prepared to ease shutdowns imposed to fight the coronavirus outbreak.

* At 09:43 a.m. ET (13:43 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 107.28 points, or 0.75%, at 14,395.44.

* The energy sector .SPTTEN climbed 3% as U.S. crude CLc1 prices were up 20.6% a barrel, while Brent crude LCOc1 added 8.4%. O/R

* The largest percentage gainers on the TSX were Frontera Energy Corp FEC.TO , which jumped 9.7%, and Vermilion Energy VET.TO , which rose 9.4%, aided also by a price target raise by National Bank of Canada.

* Some Canadian provinces, such as Quebec and Saskatchewan, prepared to start lifting shutdowns in the coming weeks as data showed Canada's death toll from the coronavirus rose by less than 10% for the third day in a row on Wednesday. The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 3.1% as gold futures GCc1 rose 0.4% to $1,735.6 an ounce. GOL/ MET/L

* The financials sector .SPTTFS gained 0.2%, while the industrials sector .GSPTTIN rose 0.5%.

* On the TSX, 169 issues were higher, while 57 issues declined for a 2.96-to-1 ratio favouring gainers, with 25.27 million shares traded.

* Gildan Activewear GIL.TO fell 1.9%, the most on the TSX, after a price target cut by Canaccord Genuity. The second biggest decliner was SmartCentres REIT SRU_u.TO , down 1.7%.

* The most heavily traded shares by volume were Cenovus Energy CVE.TO and StageZero Life Sciences Inc SZLS.TO .

* The TSX posted 10 new 52-week highs and no new lows.

* Across all Canadian issues there were 26 new 52-week highs and one new low, with total volume of 52.21 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.