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TSX flat as gains in financial shares offset losses in energy stocks

Published 2019-03-04, 10:09 a/m
© Reuters.  TSX flat as gains in financial shares offset losses in energy stocks

March 4 (Reuters) - Canada's main stock index was flat on Monday, as gains in the financials sector were offset by losses in energy shares.

* At 9:52 a.m. ET (1452 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 4.12 points, or 0.03 percent, at 16,064.13.

* The financials sector .SPTTFS gained 0.5 percent, after a Reuters poll showed the Bank of Canada may hike its key interest rate once again later this year. The BoC still aims to take the overnight rate, currently at 1.75 percent, up closer to what it says is the neutral range but there is now a small chance of a cut, according to economists polled by Reuters.

* Shares of Alaris Royalty Corp AD.TO were up 2 percent, leading among financials, followed by a 1.8 percent rise in CI Financial Corp CIX.TO .

* Eight of the index's 11 major sectors gained.

* The energy sector .SPTTEN edged down 0.7 percent, the most on among the major sectors, pressured by a near 6 percent drop in shares of Enbridge Inc ENB.TO after the company delayed its line 3 pipeline.

* On the TSX, 149 issues were higher, while 77 issues declined for a 1.94-to-1 ratio favouring gainers, with traded volume touching 12.52 million shares.

* The top percentage gainer on the TSX was shares of Aphria Inc APHA.TO , which rose 4.2 percent after the cannabis producer received a license to increase production from Health Canada.

* The biggest decliner on the TSX was Enbridge.

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* The most heavily traded shares by volume were GeneNews Limited GEN.TO , Enbridge and Argex Titanium Inc RGX.TO .

* The TSX posted seven new 52-week highs and no new low.

* Across all Canadian issues, there were 32 new 52-week highs and one new low, with total volume touching 26.47 million shares.

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