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TSX builds on previous day's gains as financials rise

Published 2019-04-11, 10:03 a/m
© Reuters.  TSX builds on previous day's gains as financials rise

April 11 (Reuters) - Canada's main stock index moved higher on Thursday, building on the previous session's gains, boosted by a rise in financial shares.

* At 9:37 a.m. ET (1337 GMT), the Toronto Stock Exchange's S&P/TSX Composite index .GSPTSE was up 34.66 points, or 0.21 percent, at 16,430.95.

* Seven of the index's 11 major sectors were higher.

* The financials sector .SPTTFS gained 0.4 percent, led by gains in CI Financial CIX.TO and Sun Life Financial SLF.TO .

* The energy sector .SPTTEN dropped 0.1 percent as U.S. crude CLc1 prices were down 0.8 percent, while Brent crude LCOc1 lost 0.6 percent. O/R

* Rising U.S. crude supply dragged oil lower, but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies. O/R

* The materials sector .GSPTTMT , which includes precious and base metals miners, lost 0.2 percent as gold and copper prices fell. GOL/ MET/L

* Data from Statistics Canada showed new home prices in the country were flat in February, for the sixth time in the past seven months. On the TSX, 119 issues were higher, while 117 issues declined for a 1.02-to-1 ratio favoring gainers, with 13.20 million shares traded.

* Top percentage gainers on the TSX were Peyto Exploration & Development Co PEY.TO , which jumped 4 percent, followed by a 2.6 percent rise in Lundin Mining LUN.TO .

* Boralex BLX.TO fell 4 percent, the most on the TSX, and the second biggest decliner was New Gold Inc NGD.TO , down 2.4 percent.

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* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Crescent Point CPG.TO and Royal Nickel RNX.TO .

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

* Across all Canadian issues, there were 39 new 52-week highs and five new lows, with total volume of 23.50 million shares.

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