Toronto stocks recover from virus driven sell-down
Reuters
Published Feb 26, 2020 10:29
(Reuters) - Canada's main stock index rose on Wednesday, recovering from a more than 4% loss over the past three sessions that was driven by fears of a coronavirus pandemic.
At 9:44 a.m. ET (14:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 92.2 points, or 0.54%, at 17,269.57.
The virus' spread to shores beyond China had triggered massive sell-offs in global equities over the past few sessions, as investors reassessed its potential economic impact.
The technology sector was the best performer, led by gains in online marketplace operator Shopify Inc .
The financials sector gained 0.6%, while the industrials sector rose 0.9%.
The top gainers on the TSX were Kinaxis Inc, which jumped 10.1% after posting stronger quarterly results, and OceanaGold Corp, which rose 2.5%.
Semafo Inc fell 3.7%, the most on the TSX, while the second biggest decliner was Northland Power, down 3.0% after touching a record high in the run-up to its fourth-quarter results.
On the TSX, 135 issues were higher, while 89 issues declined for a 1.52-to-1 ratio favoring gainers, with 37.62 million shares traded.
The most heavily traded shares by volume were Manulife Financial, Gold Standard and B2gold Corp.
The TSX posted no new 52-week highs and 17 new lows.
Across all Canadian issues there were four new 52-week highs and 55 new lows, with total volume of 66.64 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.