🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

TSX rises after two days of losses on trade-related optimism

Published 2019-05-24, 10:07 a/m
© Reuters.  TSX rises after two days of losses on trade-related optimism
LCO
-
CL
-
0P6E
-
GSPTSE
-
ARX
-
CJRb
-
ELD
-
GSPTTHC
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
BSX
-
APHA
-

May 24 (Reuters) - Canada's main stock index rose on Friday after two days of sharp declines as sentiment was lifted by comments from U.S. President Donald Trump predicting a swift end to the trade dispute with China.

* At 9:37 a.m. ET (13:37 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 74.17 points, or 0.46%, at 16,238.78.

* The index is still on track to end the week lower.

* Nine of the index's 11 major sectors gained, with healthcare .GSPTTHC sector's 1% rise.

* The energy sector .SPTTEN climbed 0.1% as U.S. crude CLc1 prices rose 1.5% a barrel, while Brent crude LCOc1 added 1.3%. O/R

* The financials sector .SPTTFS gained 0.5%. The industrials sector .GSPTTIN rose 0.6%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.4%. GOL/ MET/L

* On the TSX, 186 issues were higher, while 41 issues declined for a 4.54-to-1 ratio favoring gainers, with 12.06 million shares traded.

* The largest percentage gainers on the TSX were Aphria Inc APHA.TO , which jumped 5.3% after Jefferies started coverage of the cannabis producer with a "buy" rating and First Quantum Minerals FM.TO , which rose 3.4%.

* ARC Resources ARX.TO fell 1.6%, the most on the TSX. The second biggest decliner was Eldorado Gold ELD.TO , down 1.4%.

* The most heavily traded shares by volume were Corus Enter B CJRb.TO , down 3.4%; Belo Sun Mining BSX.TO , which was flat and Aphria Inc APHA.TO , up 5.3%.

* The TSX posted 11 new 52-week highs and one new low.

* Across all Canadian issues there were 31 new 52-week highs and seven new lows, with total volume of 21.82 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.