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CANADA STOCKS-TSX lifted by strong corporate earnings

Published 2019-02-05, 10:19 a/m
© Reuters.  CANADA STOCKS-TSX lifted by strong corporate earnings
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Feb 5 (Reuters) - Canada's main stock index rose on Tuesday, as upbeat quarterly results from WestJet Airlines Ltd WJA.TO and others boosted sentiment.

* At 9:44 a.m. ET (1444 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 45.62 points, or 0.29 percent, at 15,647.94.

* WestJet Airlines rose 2.4 percent after reporting a quarterly profit that beat analysts' estimates, as a rise in passenger traffic helped offset an increase in expenses. The industrials sector .GSPTTIN gained 0.5 percent.

* Absolute Software Corp ABT.TO climbed 6.4 percent, helping lift the technology sector .SPTTTK 0.4 percent, after the company beat quarterly profit estimates and forecast strong full-year revenue.

* Nine of the index's 11 major sectors were higher.

* The energy sector .SPTTEN dipped 0.1 percent on lower oil prices as U.S. crude CLc1 prices fell 1.2 percent and Brent crude LCOc1 lost 0.8 percent. O/R

* The financials sector .SPTTFS gained 0.3 percent.

* On the TSX, 151 issues were higher, while 81 issues declined for a 1.86-to-1 ratio favouring gainers, with 26.23 million shares traded.

* The largest percentage gainers on the TSX were shares of Canada Goose Holdings GOOS.TO , which jumped 3.5 percent, followed by Alacer Gold Corp ASR.TO , which rose 3.2 percent.

* Cronos Group Inc CRON.TO fell 7.4 percent, the most on the TSX, and the second biggest decliner was Aphria Inc APHA.TO , down 4.4 percent. The cannabis firms cooled off after a two-day rally.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Aphria Inc and Bombardier BBDb.TO .

* The TSX posted 12 new 52-week highs and one new low.

* Across all Canadian issues there were 22 new 52-week highs and four new lows, with total volume of 39.03 million shares.

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