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TSX hits record high for second day on trade optimism

Published 2019-09-13, 10:22 a/m
© Reuters.  CANADA STOCKS-TSX hits record high for second day on trade optimism
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(Reuters) - Canada's main stock index hit fresh record high on Friday as growing optimism around U.S.-China trade talks lifted sentiment, while gold miners got a boost from higher price of the bullion.

* At 9:52 a.m. ET (13:52 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 84.88 points, or 0.51%, at 16,728.16.

* Beijing and Washington offered trade concessions in what is seen as conciliatory gestures before the scheduled talks take place between the two sides in Washington next month.

* Seven of the index's 11 major sectors were higher with the materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, adding 1.4%.

* The energy sector .SPTTEN climbed 0.5% as U.S. crude CLc1 prices were up 0.2% a barrel, while Brent crude LCOc1 added 0.1%. O/R

* The financials sector .SPTTFS gained 0.6%. The industrials sector .GSPTTIN rose 0.8%.

* The spot gold XAU= 0.3% to $1,503 an ounce. GOL/ MET/L

* On the TSX, 204 issues were higher, while 25 issues declined for a 8.16-to-1 ratio favouring gainers, with 24.46 million shares traded.

* The largest percentage gainers on the TSX were First Quantum Minerals FM.TO , which jumped 5.5%, and OceanaGold Corp OGC.TO , which rose 4.1% after the company said its Didipio mine is expected to resume operation on Sept 24.

* Hudson's Bay Co HBC.TO fell 2%, the most on the TSX, continuing a slide from the previous day when the department store operator reported wider quarterly loss.

* The second biggest decliner was Shopify Inc SHOP.TO , down 1.8%.

* The most heavily traded shares by volume were Aurora Cannabis ACB.TO , Encana Corp ECA.TO , and First Quantum Minerals.

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

* Across all Canadian issues there were 34 new 52-week highs and two new lows, with total volume of 37.35 million shares.

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