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TSX climbs on energy bounce, still set for second weekly drop

Published 2020-03-20, 10:16 a/m
© Reuters.
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March 20 (Reuters) - Canada's main stock index rose on Friday, powered by energy stocks that tracked higher oil prices, as policymakers across the world poured unprecedented aid into the global economy to stop a coronavirus-driven recession.

* At 9:39 a.m. ET (1339 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 234.19 points, or 1.92%, at 12,404.71.

* The main index has fallen 9.7% this week, putting it on track to record its second straight weekly decline.

* The index has also fallen 31.7% from its record closing high in February.

* The energy sector .SPTTEN climbed 5.3%, the most among all major sub-indexes. O/R

* The financials sector .SPTTFS gained 2.4%. The industrials sector .GSPTTIN rose 1.8%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.2% as gold prices jumped 3%. GOL/ MET/L

* On the TSX, 193 issues were higher, while 35 issues declined for a 5.51-to-1 ratio favouring gainers, with 158.33 million shares traded.

* The largest percentage gainers on the TSX were Shawcor Ltd SCL.TO , which jumped 30.5% followed by shares of Hexo Corp HEXO.TO , which rose 19.8%.

* Centerra Gold CG.TO fell 5.5%, the most on the TSX, followed by shares of NovaGold Resources NG.TO , down 5.5%.

* The most heavily traded shares by volume were Canadian Natural Resources CNQ.TO , Bombardier BBDb.TO and Enbridge Inc ENB.TO .

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

* Across all Canadian issues there were no new 52-week high and 17 new lows, with a total volume of 176.12 million shares.

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