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TSX falls as coronavirus forces more countries to lock down

Published 2020-03-23, 10:25 a/m
© Reuters.
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March 23 (Reuters) - Canada's main stock index fell on Monday due to heightened fears of a global recession as the fast-spreading coronavirus forced lockdowns across several countries.

* At 9:50 a.m. ET (1350 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was down 202.24 points, or 1.71%, at 11,649.57.

* The Canadian death toll from the virus outbreak jumped by more than 50% on Sunday, and impatient officials threatened to punish people refusing to take precautions to fight the spread of the highly contagious illness. Seven of the index's 11 major sectors fell.

* The energy sector .SPTTEN dropped 2.6% as U.S. crude CLc1 prices were down 1.3% a barrel, while Brent crude LCOc1 lost 4%. O/R

* The financials sector .SPTTFS slipped 2.8%. The industrials sector .GSPTTIN fell 0.7%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 1.1% as gold prices rose 2.6%. GOL/ MET/L

* The Canadian dollar strengthened against its U.S. counterpart as the U.S. Federal Reserve announced additional measures. CAD/

* On the TSX, 41 issues were higher, while 189 issues declined for a 4.61-to-1 ratio in favor of downside, with 53.98 million shares traded.

* The top percentage gainer on the TSX were shares of Silvercorp Metals SVM.TO , which jumped 26%, followed by shares of Semafo Inc SMF.TO , which rose 23.1%.

* BRP Inc DOO.TO fell 20.7%, the most on the TSX, followed by shares of Alaris Royalty AD.TO , down 20.2%.

* The most heavily traded shares by volume were Canadian Natural Resources CNQ.TO and Aurora Cannabis ACB.TO .

* The TSX posted no new 52-week high and 36 new lows.

* Across all Canadian issues there were six new 52-week highs and 232 new lows, with total volume of 88.43 million shares.

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