Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

TSX snaps two-session winning streak as energy shares weigh

Published 2019-08-20, 10:11 a/m
© Reuters.  TSX snaps two-session winning streak as energy shares weigh
LCO
-
CL
-
GSPTSE
-
BBDb
-
PEY
-
ATRL
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
OVV
-
BKI
-
WEED
-
CNTTQ
-

Aug 20 (Reuters) - Canada's main stock index dropped after two straight sessions of gains on Tuesday, as energy shares mirrored a drop in oil prices on persisting concerns over demand.

* At 9:53 a.m. ET (1353 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was down 72.03 points, or 0.44%, at 16,232.02.

* Seven of the index's 11 major sectors were lower with a 0.6% fall in the energy sector .SPTTEN leading losses.

* U.S. crude CLc1 prices were down 0.3% and Brent crude LCOc1 0.4%.

* Oil prices reversed earlier gains in session to trade lower as worries over demand lingered, however hopes that major economies will take stimulus measures to stave off a potential recession kept a check on losses. O/R

* The financials sector .SPTTFS slipped 0.3% and the industrials sector .GSPTTIN 0.5%.

* The materials sector .GSPTTMT , which includes precious metals, added 0.2% after gold prices rose back above $1,500 an ounce as investors switched focus to the minutes of the U.S. Federal Reserve's last meeting, which will be closely watched for clues on further interest rate cuts. GOL/ MET/L

* Data showed Canadian home prices climbed for a third straight time in July, rising 0.7% from June, but the index was lower than the month's 21-year average. On the TSX, 79 issues were higher, while 149 issues declined for a 1.89-to-1 ratio to the downside, with 8.96 million shares traded.

* The biggest percentage gainers on the TSX were Peyto Exploration & Development Corp PEY.TO , which jumped 2.1%, followed by shares of Canopy Growth WEED.TO , which rose 2.1%.

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

* CannTrust Holdings Inc TRST.TO fell 3.4%, the most on the TSX, closely followed by SNC-Lavalin SNC.TO , which fell 2.9%.

* The most heavily traded shares by volume were those of Bombardier BBDb.TO , Black Iron Inc BKI.TO and Encana Corp ECA.TO .

* The TSX posted six new 52-week highs and no new low.

* Across all Canadian issues there were 11 new 52-week highs and five new lows, with total volume of 15.60 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.