Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

CANADA STOCKS-TSX reopens near six-week high after Friday's abrupt shutdown

Published 2018-04-30, 11:07 a/m
© Reuters.  CANADA STOCKS-TSX reopens near six-week high after Friday's abrupt shutdown

April 30 (Reuters) - Canada's main stock index hovered near its six-week high on Monday, led by financial and industrial shares, after an outage halted trading on the Toronto Stock Exchange on Friday.

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE rose 24.09 points, or 0.15 percent, to 15,693.02.

* TMX Group Ltd X.TO , which operates the Toronto Stock Exchange and smaller Canadian trading platforms, said in a statement on Saturday that the failure of data storage equipment caused the outage. Shares of TMX Group Ltd X.TO were down 2.5 percent.

* Nine of Canada's 10 main index sectors were higher, led by the financial sector.

* Shares of Royal Bank of Canada RY.TO and Toronto-Dominion bank TD.TO were up around 0.4 percent each, providing the biggest boost to the financial index.

* Also helping the main index was the industrials group, boosted by Air Canada AC.TO , which gained 1.6 percent after reporting a smaller-than-expected quarterly loss. The materials index was the only laggard, dragged down by lower gold prices.

* Gold fell to its lowest in nearly six weeks as the dollar strengthened, while easing tensions on the Korean peninsula helped boost appetite for assets seen as higher risk. GOL/

* Shares of TransCanada Corp TRP.TO fell 1 percent after the company reported first-quarter results on Friday.

* Prem Watsa's Fairfax Financial Holdings Limited FFH.TO declined 0.8 percent after Toys "R" Us (Canada) Ltd on Friday received U.S. and Canadian court approval to sell itself to the company.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

* The TSX posted two new 52-week highs and three new lows. Across all Canadian issues there were five new 52-week highs and eight new lows.

* The largest percentage gainer on the TSX was Prometic Life Scan PLI.TO after the company said its primary immunodeficiency treatment met the main goal in a late-stage study.

* The largest decliner was Detour Gold Corp DGC.TO after brokerages cut their price targets on the stock.

* Among the most active Canadian stocks by volumes were Katanga Mining KAT.TO , Potash Ridge Corp PRK.TO and Aurora Cannabis ACB.TO .

* Volume on the TSX index was 14.15 million shares, compared with 25.64 million shares on Friday.

* Economic data showed Canadian producer prices increased by 0.8 percent in March from February on higher prices of energy and petroleum products as well as paper and pulp.

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.