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TSX rises on boost from energy stocks

Published 2021-01-05, 09:37 a/m
© Reuters. The facade of the original Toronto Stock Exchange building is seen in Toronto

(Reuters) - Canada's main stock index rose on Tuesday, helped by energy stocks tracking a rise in oil prices, while fresh coronavirus-led lockdowns in Europe worried investors about its economic impact.

* The energy sector rose 2.6% as U.S. crude prices were up 2.6% a barrel, while Brent crude added 2.0%. [O/R]

* Oil prices rose on Tuesday as tension simmered following Iran's seizure of a South Korean vessel and as the OPEC+ group of producers were divided over February output levels.

* At 9:35 a.m. ET (14:35 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 41.58 points, or 0.24%, at 17,569.35.

* The financials sector gained 0.4%. The industrials sector rose 0.2%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.9% as gold futures rose 0.2% to $1,949.4 an ounce. [GOL/]

* On the TSX, 116 issues were higher, while 98 issues declined for a 1.18-to-1 ratio favouring gainers, with 19.18 million shares traded.

* The largest percentage gainers on the TSX were Crescent Point Energy (TO:CPG), which jumped 4.6%, and Vermilion Energy (TO:VET), which rose 4.8%.

* Silvercorp Metals (TO:SVM) fell 5.2%, the most on the TSX. The second biggest decliner was SilverCrest Metals (TO:SIL), down 3.7%.

* The most heavily traded shares by volume were Toronto-Dominion Bank (TO:TD), SOPerior Fertilizer Corp (TO:SOP) and Power Corporation of Canada (TO:POW).

* The TSX posted six new 52-week highs and no new lows.

* Across all Canadian issues there were 24 new 52-week highs and one new low, with total volume of 37.40 million shares.

© Reuters. The facade of the original Toronto Stock Exchange building is seen in Toronto

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