Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

TSX gains on hopes of economic recovery

Published 2020-05-25, 09:52 a/m
Updated 2020-05-25, 09:54 a/m
© Reuters.

© Reuters.

(Adds details, updates prices)

May 25 (Reuters) - Canada's main stock index rose on Monday as investors looked to an eventual economic recovery from the coronavirus with more countries scaling back lockdown measures.

* At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 97.64 points, or 0.65%, at 15,011.28.

* Japan lifted a state of emergency for parts of the country. With areas in Europe and the United States also lifting curbs, investors are increasingly betting on an eventual return to economic normalcy. MKTS/GLOB

* Still, trading was subdued on account of a U.S. holiday.

* The energy sector .SPTTEN climbed 0.6% as crude oil prices held steady. O/R

* The financials .SPTTFS and industrials sectors .GSPTTIN rose about 0.7% each.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, lost 0.3% as gold and base metal prices retreated. GOL/ MET/L

* On the TSX, 157 issues were higher, while 63 issues declined for a 2.49-to-1 ratio favouring gainers, with 12.20 million shares traded.

* The largest percentage gainers on the TSX were Hexo Corp HEXO.TO , which jumped 27.3%, and Alaris Royalty AD.TO , which rose 4.9%.

* Alacer Gold Crp ASR.TO fell 2.9%, the most on the TSX, while the second biggest decliner was SSR Mining Inc SSRM.TO , down 2.7%.

* The most heavily traded shares by volume were Hexo Corp, StageZero Life Science SZLS.TO and Green Organic Dutchman Holdings TGOD.TO .

* The TSX posted three new 52-week highs and no new lows.

* Across all Canadian issues there were 19 new 52-week highs and six new lows, with total volume of 25.61 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.