🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

CANADA STOCKS-TSX ekes out gains as Barrick Gold shines

Published 2019-11-06, 10:10 a/m
© Reuters.  CANADA STOCKS-TSX ekes out gains as Barrick Gold shines
CL
-
GOLD
-
GSPTSE
-
BDGI
-
GSPTTMT
-
SPTTEN
-
OVV
-
GTE
-
AD_u
-
KRR
-
TV
-

Nov 6 (Reuters) - Canada's main stock index edged higher on Wednesday, helped by an upbeat earnings report from Barrick Gold that bolstered mining stocks, while losses in energy shares kept a check on further gains.

* At 09:43 a.m. ET (1443 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 21.52 points, or 0.13%, at 16,703.44.

* The materials sector .GSPTTMT added 0.4% as Barrick Gold Corp ABX.TO jumped 3% after beating quarterly profit estimates and raising its dividend payout, benefiting from higher production and better gold prices. Also boosting the sector was firming gold prices after a 2% fall in the previous session as the outcome of U.S.-China trade talks looked uncertain again. GOL/

* Investors are also looking for more clues on further developments in the U.S.-China trade rhetoric, which has hurt global economic growth in the last few months.

* The energy sector .SPTTEN dropped 0.7% as oil prices were pulled down by a larger-than-expected build in U.S. crude stocks and weak euro zone economic figures. O/R

* Biggest decliner among energy stocks were shares of Gran Tierra Energy GTE.TO , which slid about 15% after reporting a third-quarter loss.

* On the TSX, 127 issues were higher, while 103 issues declined for a 1.23-to-1 ratio favouring gainers, with 17.40 million shares traded.

* The largest percentage gainer on the TSX were shares of Alaris Royalty AD.TO , which jumped 6.1% after posting a rise in third-quarter revenue.

* Badger Dayligting BAD.TO fell 16%, the most on the TSX, after cutting its full-year adjusted EBITDA outlook.

* The most heavily traded shares by volume were Encana Corp ECA.TO , Trevali Mining TV.TO and Royal Nickel RNX.TO .

* The TSX posted nine new 52-week highs and one new low.

* Across all Canadian issues there were 28 new 52-week highs and five new lows, with total volume of 29.38 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.