Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

TSX flat as tech gains offset losses in financials

Published 2019-05-28, 10:03 a/m
Updated 2019-05-28, 10:10 a/m
© Reuters.  TSX flat as tech gains offset losses in financials

May 28 (Reuters) - Canada's main stock index treaded water on Tuesday, as losses in financials were offset by gains in the technology sector.

* At 9:41 a.m. ET (1341 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 2.86 points, or 0.02%, at 16,349.52.

* Six of the index's 11 major sectors were higher, led by gains in the technology sector .SPTTTK , which rose 1.2%, while financials .SPTTFS slipped 0.6%, the most among the sectors.

* Financials were hurt by a 2% decline in shares of Bank of Nova Scotia BNS.TO after the bank missed analysts' estimates for quarterly profit for the third time in a row. The technology sector was boosted by broad-based gains.

* The energy sector .SPTTEN dropped 0.3%, hurt by a 4% drop in shares of Enerflex Ltd EFX.TO after Raymond James cut its price target for the company's shares.

* Oil prices on the other hand rose, with U.S. crude CLc1 up 1.3% and Brent crude LCOc1 gaining 0.1%. O/R

* The materials sector .GSPTTMT , which includes precious and base metals miners, lost 0.1% as gold prices eased from one-week highs. GOL/

* On the TSX, 117 issues were higher, while 115 issues declined for a 1.02-to-1 ratio favouring gainers, with 18.88 million shares traded.

* The top percentage gainers on the TSX were shares of NFI Group Inc NFI.TO , which jumped 7.4%, followed by shares of Bombardier Inc BBDb.TO , which rose 4.4%.

* Enerflex fell the most on the TSX followed by Scotiabank .

* The most heavily traded shares by volume were Stornoway Diamond Corp SWY.TO , Suncor Energy SU.TO and Sun Life Financial SLF.TO .

* The TSX posted 11 new 52-week highs and no new low.

* Across all Canadian issues there were 42 new 52-week highs and three new lows, with total volume of 31.58 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.