Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

CANADA STOCKS-TSX rises as higher gold prices boost materials sector

Published 2018-12-20, 10:26 a/m
© Reuters.  CANADA STOCKS-TSX rises as higher gold prices boost materials sector
BB
-
NG
-
GSPTSE
-
BBDb
-
GUY
-
IMG
-
ATS
-
GSPTTMT
-
SPTTEN
-
HNU
-
ACB
-

Dec 20(Reuters) - Shares in Toronto's main stock index were marginally higher on Thursday, led by a robust gain in the materials sector as gold prices rose over 1 percent supported by slump in the U.S. dollar and global stocks.

* At 10:10 a.m. ET (15:05 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 11.73 points, or 0.10 percent, at 14,264.59.

*The Canadian dollar CAD= edged higher against its U.S. counterpart after hitting a 1-1/2-year low on Wednesday.

*Seven of the index's 11 major sectors were higher, led by the materials sector .GSPTTMT , up 3 percent, with shares of precious metal miners such as Guyana Goldfields Inc GUY.TO and Iamgold Corp IMG.TO leading gains.

*Economic data showed wholesale trade increased by 1 percent in October and 39,100 jobs were added in November. The energy sector .SPTTEN dropped 0.5 percent as oil prices fell more than 4 percent on Thursday, hitting lowest in more than a year on concerns about oversupply. O/R

* On the TSX, 154 issues were higher, while 89 issues declined for a 1.73-to-1 ratio favoring gainers, with 41.13 million shares traded.

* The largest percentage gainers on the TSX were Guyana Goldfields Inc GUY.TO , which jumped 8.8 percent and Iamgold Corp IMG.TO that rose 8.4 percent.

*Shares of BlackBerry Ltd BB.TO gained over 4 percent after reporting a better-than-expected quarterly profit, as the company's focus on fast-growing areas boosted billings in its technology solutions unit. Ats Automation Tooling Systems Inc ATA.TO fell 6.2 percent, the most on the TSX.

* The most heavily traded shares by volume were Bombardier Inc BBDb.TO , Aurora Cannabis Inc ACB.TO and BetaPro Natural Gas HNU.TO .

* The TSX posted no new 52-week highs and 25 new lows.

* Across Canadian issues, there were seven new 52-week highs and 175 new lows, with total volume of 64.80 million shares traded.

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.