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TSX boosted by energy stocks as trade tensions ease

Published 2019-08-26, 10:00 a/m
© Reuters.  TSX boosted by energy stocks as trade tensions ease
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Aug 26 (Reuters) - Canada's main stock index rose on Monday, powered by gains in energy shares as oil prices jumped after U.S. President Donald Trump said China was ready to negotiate on the trade dispute.

* At 9:38 a.m. ET (1338 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 112.35 points, or 0.7%, at 16,149.93.

* United States and China sought to ease trade tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal. All of the index's 11 major sectors were higher, led by a 1.6% climb in the energy .SPTTEN sector.

* U.S. crude CLc1 prices were up 1.5% a barrel, while Brent crude LCOc1 added 1.1%. O/R

* The heavyweight financials sector .SPTTFS gained 0.8%, while the industrials sector .GSPTTIN rose 0.7%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.1% as gold futures GCc1 rose 0.1% to $1,527.8 an ounce. GOL/ MET/L

* On the TSX, 196 issues were higher, while 38 issues declined for a 5.16-to-1 ratio favouring gainers, with 10.63 million shares traded.

* The largest percentage gainers on the TSX were Encana Corp ECA.TO , which jumped 2.6% and Bombardier Inc BBDb.TO , which rose 2.5%.

* Semafo Inc SMF.TO fell 3.1%, the most on the TSX. The second biggest decliner was CannTrust Holdings Inc TRST.TO , down 2.8%.

* The most heavily traded shares by volume were Belo Sun Mining Corp BSX.TO , Zenabis Global Inc ZENA.TO and B2Gold Corp BTO.TO .

* The TSX posted 10 new 52-week highs and no new low.

* Across all Canadian issues there were 35 new 52-week highs and 15 new lows, with total volume of 21.13 million shares.

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