TSX slides as mining, energy stocks fall on weaker commodities

Reuters

Published Mar 30, 2021 10:14

(Reuters) - Canada's main stock index fell on Tuesday, dragged down by shares in mining and energy companies as bullion and crude oil prices weakened.

* At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 80.35 points, or 0.43%, at 18,638.87.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 2.1% as gold futures hit a three-week low of $1,683.9 an ounce.

* The energy sector dropped 0.3% as oil prices fell after the Suez Canal reopened to traffic, while focus turned to OPEC+ possibly agreeing to output cuts this week.

* Miners B2Gold Corp and Pretium Resources Inc fell 5.6% and 4.9%, respectively, and were the biggest decliners on the TSX.

* The financials sector gained 0.2%. The industrials sector fell 0.1%.

* On the TSX, 70 issues were higher, while 152 issues declined for a 2.17-to-1 ratio to the downside, with 16.76 million shares traded.

* The largest percentage gainers on the TSX were Exchange Income Corp (TO:EIF), which jumped 2.9%, and pot producer Aphria Inc (TO:APHA), which rose 1.8%.

* The most heavily traded shares by volume were Bank of Nova Scotia (TO:BNS), Power Corporation of Canada (TO:POW), and TC Energy Corp. (TO:TRP).

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