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CANADA STOCKS-Canada's main index gains for first time in six days

Published 2018-10-12, 10:45 a/m
© Reuters.  CANADA STOCKS-Canada's main index gains for first time in six days
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JPM
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LCO
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CL
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GSPTSE
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GSPTTHC
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SPTTFS
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GSPTTMT
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SPTTEN
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TAHO
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NGD
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EFN
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WEED
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SHOP
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APHA
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ACB
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Oct 12 (Reuters) - Canada's main stock index bounced back on Friday and was set to break its five-day losing streak, driven by gains in healthcare shares.

* Ten of Canada's 11 major sectors were trading higher, led by healthcare sector's .GSPTTHC 2.6 percent gain.

* Shares of Aurora Cannabis ACB.TO rose 4 percent, while peer cannabis producer Canopy Growth WEED.TO gained 3.5 percent.

* Lead by bank stocks, the heavy-weight financial sector .SPTTFS edged up 0.7 percent, tracking gains in Wall Street lenders following JPMorgan (NYSE:JPM)'s JPM.N strong results.

* The Canadian dollar edged higher against its U.S. counterpart as oil and stock prices rebounded, but the loonie was on track to end the week lower after multi-year peaks for Treasury yields contributed to market volatility. Adding to the upbeat sentiment was a 1.2 percent rise in shares of energy companies .SPTTEN as U.S. crude CLc1 prices rose 0.9 percent per barrel, while Brent crude LCOc1 added 0.7 percent. O/R

* At 9:49 a.m. ET (13:49 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 117.59 points, or 0.77 percent, at 15,434.72.

* Materials .GSPTTMT was the only sector to decline as gold retreated from two-month highs touched on Thursday. GOL/

* Precious metals miner Tahoe Resources THO.TO fell 4.1 percent, the most on the TSX, followed by New Gold NGD.TO , down 3.7 percent.

* On the TSX, 214 issues were higher, while 33 issues declined for a 6.48-to-1 ratio favouring gainers, with 32.56 million shares traded.

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* The largest percentage gainer on the TSX was Element Fleet Management EFN.TO , which rose 6 percent after at least two brokerages upgraded the stock.

* Shopify Inc SHOP.TO , which rose 4.7 percent, was the second-biggest gainer on the main index.

* Among the most heavily traded shares by volume were Aurora Cannabis and Aphria APH.TO .

* The TSX posted two new 52-week highs and three new lows.

* Across all Canadian issues, there were four new 52-week highs and 22 new lows, with total volume touching 51.91 million shares.

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