🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

TSX climbs on hopes of slowing virus spread

Published 2020-04-06, 10:35 a/m
© Reuters.
XAU/USD
-
GC
-
LCO
-
CL
-
GSPTSE
-
BNS
-
CHR
-
CVE
-
MATR
-
TD
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
BPY
-
LSPD
-

April 6 (Reuters) - Canada's main stock index rose on Monday investors drew comfort from a slowdown in coronavirus-related deaths and new cases in many parts of the world.

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 442.8 points, or 3.42%, at 13,381.1.

* Death toll from the virus slowed across major European nations including France and Italy. U.S. President Donald Trump also said that his country was seeing a "levelling off" of the crisis. In Canada, the number of people killed by the coronavirus jumped by just over 20% to 258 in a day on Sunday. The heavyweight financials sector .SPTTFS gained 3.9%, while the industrials sector .GSPTTIN rose 3.5%.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 3.8% as gold futures GCc1 rose 1.4% to $1,657.1 an ounce. GOL/ MET/L

* The energy sector .SPTTEN climbed 1%, even as oil prices tumbled. U.S. crude CLc1 prices were down 4.9% a barrel, while Brent crude LCOc1 lost 3.2%. O/R

* On the TSX, 216 issues were higher, while 14 issues declined for a 15.43-to-1 ratio favouring gainers, with 36.94 million shares traded.

* The largest percentage gainers on the TSX were software company Lightspeed POS Inc LSPD.TO , which jumped 12.7%, and Brookfield Property Partners L.P. BPY_u.TO , which rose 10.5%.

* Chorus Aviation Inc CHR.TO , which provides services to the airline industry, fell 8.2%, the most on the TSX, after the company suspended its dividend and announced a new $100 million revolving credit facility.

* The second-biggest decliner was Shawcor Ltd SCL.TO , down 2.1%.

* The most heavily traded shares by volume were Toronto-Dominion Bank TD.TO , Bank of Nova Scotia BNS.TO and Cenovus Energy Inc CVE.TO .

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

* Across all Canadian issues, there were three new 52-week highs and four new lows, with total volume of 58.29 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.