CANADA STOCKS-TSX drops on global recession worries

Published 2019-08-14, 09:48 a/m
© Reuters.  CANADA STOCKS-TSX drops on global recession worries
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Aug 14 (Reuters) - Canada's main stock index fell on Wednesday, mirroring a global slump in equities, after dour economic data from Germany and China reignited recession fears.

* At 9:35 a.m. ET (13:35 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 108.64 points, or 0.66%, at 16,242.2.

* Ten of the index's 11 major sectors were lower, led by the a 2.2% drop in the energy sector .SPTTEN as oil prices took a hit on weak economic outlook.

* U.S. crude CLc1 prices were down 3.3% a barrel, while Brent crude LCOc1 lost 3.0%. O/R

* The heavyweight financials sector .SPTTFS slipped 0.8% and the industrials sector .GSPTTIN fell 0.8%.

* Only the materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, was in the positive territory, adding 0.8%, as gold futures GCc1 rose 0.8% to $1,513.7 an ounce. GOL/ MET/L

* On the TSX, 54 issues were higher, while 181 issues declined for a 3.35-to-1 ratio to the downside, with 18.60 million shares traded.

* The largest percentage gainers on the TSX were Yamana Gold Inc YRI.TO , which jumped 4.4% and Novagold Resources Inc NG.TO , which rose 3.9%.

* Superior Plus Corp SPB.TO fell 6.9%, the most on the TSX. The second biggest decliner was Precision Drilling Corp PD.TO , down 5.7%.

* The most heavily traded shares by volume were Manulife Financial Corp MFC.TO , Enbridge Inc ENB.TO and Green Organic Dutchman Holdings Ltd TGOD.TO .

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

* Across all Canadian issues there were 20 new 52-week highs and 25 new lows, with total volume of 28.16 million shares.

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