TSX rises on boost from pot producers
Reuters
Published Jan 06, 2021 10:11
(Reuters) - Canada's main stock index rose on Wednesday, buoyed by cannabis stocks as investors looked ahead to the prospect of a Democrat-controlled Senate in the United States.
* Democrats won one U.S. Senate race in Georgia and led in another on Wednesday, moving closer to a sweep in a deep South state that would give them control of Congress and the power to advance President-elect Joe Biden's policy goals.
* At 9:36 a.m. ET (14:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 70.73 points, or 0.4%, at 17,753.24.
* Healthcare sector jumped 7.8% with cannabis stocks being the biggest gainers.
* The energy sector climbed 1.1% as U.S. crude prices were up 0.1% a barrel, while Brent crude added 0.5%. [O/R]
* The financials sector gained 1.0%. The industrials sector rose 0.8%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5% as gold futures rose 0.4% to $1,959.9 an ounce. [GOL/]
* On the TSX, 137 issues were higher, while 79 issues declined for a 1.73-to-1 ratio favouring gainers, with 19.94 million shares traded.
* The largest percentage gainers on the TSX were Canopy Growth Corp (TO:WEED), which jumped 14.7% and Aurora Cannabis Inc (TO:ACB), which rose 12.4%.
* Lightspeed POS Inc (TO:LSPD) fell 4.0%, the most on the TSX, after TD Securities raised target price to C$105 from C$82. The second biggest decliner was Iamgold Corp (TO:IMG), down 4.0%.
* The most heavily traded shares by volume were Zenabis Global Inc (TO:ZENA), Toronto-Dominion Bank (TO:TD) and Bank of Nova Scotia (TO:BNS).
* The TSX posted 11 new 52-week highs and no new lows.
* Across all Canadian issues there were 45 new 52-week highs and 5 new lows, with total volume of 43.47 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.