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CANADA STOCKS-TSX falls as Apple's sales warning weighs on tech

Published 2019-01-03, 10:09 a/m
© Reuters.  CANADA STOCKS-TSX falls as Apple's sales warning weighs on tech

Jan 3 (Reuters) - Canada's main stock index declined on Thursday, led by technology stocks, as Apple Inc's AAPL.O rare sales warning fanned worries about slowing global economic and corporate growth.

* The iPhone maker slashed its holiday-quarter revenue forecast, which rocked financial markets, and investors sought safety in less risky assets. All 11 major sectors were trading in the red, with the technology sector's .SPTTTK 1.94 percent fall, leading the declines.

* Gold prices, seen as a safe-haven, scaled a more than six-month peak on Thursday, as signs of an ailing global economy drove demand for bullion, with a weaker dollar adding further support. GOL/

* At 9:53 a.m. ET (14:53 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 117.51 points, or 0.82 percent, at 14,229.65.

* The largest percentage gainers on the TSX were New Gold NGD.TO , up 3.6 percent, and Precision Drilling Corp PD.TO , up 2.0 percent.

* On the TSX, 41 issues were higher, while 195 issues declined for a 4.76-to-1 ratio to the downside, with 23.34 million shares traded.

* Turquoise Hill Resources Ltd TRQ.TO fell 4.5 percent, the most on the TSX, followed by Maxar Technologies MAXR.TO , 3.3 percent fall.

* The most heavily traded shares by volume were ClearStream Energy Services Inc CSM.TO , Barrick Gold Corp ABX.TO , and Aurora Cannabis Inc ACB.TO .

* The TSX posted one new 52-week high and no new lows.

* Across all Canadian issues, there were three new 52-week highs and four new lows, with a total volume of 38.81 million shares traded.

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