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Healthcare, energy shares drive gains on TSX

Published 2019-03-13, 10:17 a/m
© Reuters.  Healthcare, energy shares drive gains on TSX
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March 13 (Reuters) - Canada's main stock index rose on Wednesday, led by gains in healthcare and energy shares.

* Investors shrugged off data that showed a fall in February home prices for the fifth straight month. At 9:50 a.m. ET (13:50 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 47 points, or 0.3 percent, at 16182.77.

* All of the index's 11 major sectors were higher, led by the healthcare sector .GSPTTHC , which rose more than 3 percent.

* Boosting the sector was Aurora Cannabis ACB.TO , which surged 12.8 percent, the most on the TSX after naming billionaire investor Nelson Peltz as a strategic adviser. The energy sector .SPTTEN edged up 0.8 percent on the back of higher oil prices. O/R

* The materials sector .GSPTTMT , which includes precious and base metals miners, rose 0.4 percent tracking gold prices, which rose as uncertainty over Britain's exit from the European Union drove investors to safe-haven assets.

* The financial .SPTTFS and industrial sector .GSPTTIN made nominal gains.

* On the TSX, 136 issues were higher, while 95 issues declined for a 1.43-to-1 ratio favouring gainers, with traded volume touching 46.01 million shares.

* Quebecor Inc QBRb.TO fell 6.4 percent, the most on the TSX, after the company reported disappointing fourth-quarter results. The most heavily traded shares by volume were Aurora Cannabis Inc ACB.TO , Niko Resources Ltd NKO.TO and Bombardier Inc BBDb.TO .

* The TSX posted 12 new 52-week highs and no new low.

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* Across all Canadian issues, there were 43 new 52-week highs and four new lows, with total volume touching 42.76 million shares.

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