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TSX edges up as energy stocks gain ground

Published 2019-05-30, 10:14 a/m
© Reuters.  TSX edges up as energy stocks gain ground
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May 30 (Reuters) - Canada's main stock index eked out gains on Thursday after two straight sessions of declines, as energy stocks edged higher.

* At 9:47 a.m. ET (1347 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 13.44 points, or 0.08%, at 16,144.91.

* Five of the index's 11 major sectors were higher.

* The energy sector .SPTTEN climbed 0.3%, helped by a 2.5% rise in shares of Tourmaline Oil Corp TOU.TO after BMO raised its rating on the company to "outperform."

* Oil prices were mixed, with U.S. crude CLc1 up 0.4% and Brent crude LCOc1 down 0.8%. O/R

* The financials sector .SPTTFS gained 0.2%.

* On the TSX, 134 issues were higher, while 96 issues declined for a 1.40-to-1 ratio favouring gainers, with 15.07 million shares traded.

* The largest percentage gainer on the TSX were shares of BRP Inc DOO.TO , which jumped 12.8% after reporting quarterly earnings.

* B2Gold Corp BTO.TO fell 2.6%, the most on the TSX, followed by shares of New Gold NGD.TO , down 2.2%.

* The gold miners fell in sympathy with declining gold prices. GOL/

* The most heavily traded shares by volume were Avalon Advanced Materials AVL.TO , First Quantum Minerals FM.TO .

* The TSX posted no new 52-week high and nine new lows.

* Across all Canadian issues, there were three new 52-week highs and 14 new lows, with total volume of 27.48 million shares.

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