NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

CANADA STOCKS-Energy shares drive gains on TSX

Published 2019-02-12, 09:59 a/m
© Reuters.  CANADA STOCKS-Energy shares drive gains on TSX
LCO
-
CL
-
GSPTSE
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
OVV
-
PXT
-
SHOP
-
APHA
-
ACB
-

Feb 12 (Reuters) - Canada's main stock index rose on Tuesday, driven by gains in energy shares on the back of a surge in oil prices.

* At 9:33 a.m. ET (14:33 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 40.58 points, or 0.26 percent, at 15,609.43.

* World stocks also advanced on optimism about U.S.-China trade talks and cheered Washington's deal to avoid another government shutdown. MKTS/GLOB

* The energy sector's .SPTTEN 1.5 percent rise was the most among the 11 major sectors.

* U.S. crude CLc1 prices were up 2.9 percent per barrel, while Brent crude LCOc1 added 2.8 percent, supported by production cuts from OPEC and Saudi Arabia, as well as U.S. sanctions against Iran and Venezuela. O/R

* The heavyweight financials sector .SPTTFS gained 0.3 percent, while the industrials sector .GSPTTIN rose 0.5 percent.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.4 percent.

* On the TSX, 166 issues were higher, while 62 issues declined for a 2.68-to-1 ratio favouring gainers, with traded volume touching 9.10 million shares.

* The largest percentage gainers on the TSX were Parex Resources Inc PXT.TO , which surged 3.4 percent, and Encana Corp ECA.TO , which rose 3.1 percent.

* Shopify Inc SHOP.TO fell 5.4 percent, the most on the TSX, after the company reported slowing rate of sales growth by vendors using its software. The second biggest decliner was Aurora Cannabis ACB.TO , down 3.5 percent, after the marijuana producer reported second quarter results.

* The most heavily traded shares by volume included Aurora Cannabis ACB.TO and Aphria Inc APHA.TO .

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

* Across all Canadian issues, there were six new 52-week highs and one new low, with total volume touching 14.97 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.