TSX rises as investors await trade signals from Trump
Reuters
Published Nov 12, 2019 13:25
(Reuters) - Canada's main stock index edged up on Tuesday, as the tech sector mirrored global equities that rose on hopes of a resolution to the months-long U.S.-china tariff war ahead of U.S. President Donald Trump's speech.
* Trump is scheduled to discuss the country's trade policy at the Economic Club of New York later in the day where investors are looking forward for clarity on U.S.-China trade relations.
* At 09:45 a.m. ET (14:45 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 21.93 points, or 0.13%, at 16,904.76.
* Ten of the index's 11 major sectors were higher, led by the technology sector.
* The energy sector was mostly flat as U.S. crude prices were up 0.7% a barrel, while Brent crude added 0.7%.
* The financials sector rose 0.1% , while industrials gained 0.2%.
* The materials sector, which includes precious and base metals miners, was marginally lower as gold prices slipped on higher risk appetite.
* On the TSX, 115 issues were higher, while 104 issues declined for a 1.11-to-1 ratio favoring gainers, with 9.43 million shares traded.
* The largest percentage gainers on the TSX were Franco Nevada Corp (TO:FNV), and Semafo Inc (TO:SMF).
* Hudbay Minerals Inc (TO:HBM) fell 10.7%, the most on the TSX, after the company reported a loss in its second quarter.
* The most heavily traded shares by volume were Aleafia Health Inc (TO:ALEF), Bombardier Inc (TO:BBDb) and Organigram Holdings Inc (TO:OGI).
* The TSX posted five new 52-week highs and no new lows.
* Across all Canadian issues there were 31 new 52-week highs and 12 new lows, with total volume of 18.42 million shares.
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Written By: Reuters
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