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Energy shares push TSX higher

Published 2019-04-03, 10:08 a/m
© Reuters.  Energy shares push TSX higher

April 3 (Reuters) - Canada's main stock index rose on Wednesday, led by energy shares which advanced as Brent oil price pushed towards a near five-month high.

* Sentiment was also lifted by optimism over trade talks between the United States and China and upbeat Chinese data, which calmed fears of a global economic slowdown.

* This helped the Canadian dollar edge higher against its U.S. counterpart on Wednesday. The main index is now just 1.6 percent away from its record closing high hit in July.

* At 9:47 a.m. ET (13:47 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 46.5 points, or 0.29 percent, at 16,310.37.

* Energy sector .SPTTEN climbed 0.6 percent, the most among the six major sectors trading higher, as OPEC-led supply cuts and U.S. sanctions lifted crude prices. O/R

* On the TSX, 136 issues were higher, while 95 issues declined for a 1.43-to-1 ratio favouring gainers, with 17.83 million shares traded.

* The largest percentage gainers on the TSX were Lundin Mining Corp LUN.TO and Home Capital Group HCG.TO . Their shares were up 3.1 percent.

* Tricon Capital Group TCN.TO fell 5.8 percent, the most on the TSX, after a deal to buy U.S. multifamily portfolio.

* The second biggest decliner was Torex Gold Resources Inc TXG.TO , down 5.1 percent, after reporting first-quarter production results.

* The most heavily traded shares by volume were Aurora Cannabis Inc ACB.TO , Nemaska Lithium Inc NMX.TO and Encana Corp ECA.TO .

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

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* Across all Canadian issues there were 32 new 52-week highs and seven new lows, with total volume of 30.89 million shares.

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