Final hours! Save up to 50% OFF InvestingProCLAIM SALE

TSX bounces back on strength in energy shares

Published 2020-12-08, 07:41 a/m
© Reuters. FILE PHOTO: A man walks past an old Toronto Stock Exchange sign in Toronto

(Reuters) - Canada's main stock index reversed course to trade higher on Tuesday, powered by gains in energy shares, while rising coronavirus cases around the world kept sentiment in check.

* The energy sector rose 0.4%, after an initial drop, with oil producers Crescent Point Energy Corp and Cenovus Energy Inc gaining 2.7% and 2.4%, respectively, and were the top gainers in the index.

* At 09:51 a.m. ET (14:51 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 18.86 points, or 0.11%, at 17,601.21.

* The financials sector gained 0.2%, while industrials fell 0.2%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1% as gold rose 0.4% to $1,870 an ounce.

* On the TSX, 104 issues were higher, while 109 issues declined for a 1.05-to-1 ratio to the downside, with 27.34 million shares traded.

* Cancer drug developer Trillium Therapeutics Inc fell 10.8%, the most on the TSX, and the second biggest decliner was IT services provider Real Matters Inc, down 2.1%.

* The most heavily traded shares by volume were BCE Inc, Gran Tierra Energy Inc and Air Canada.

* The TSX posted no new 52-week high or low.

© Reuters. FILE PHOTO: A man walks past an old Toronto Stock Exchange sign in Toronto

* Across all Canadian issues there were 19 new 52-week highs and three new lows, with total volume of 55.11 million shares.

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.