TSX gains on energy lift
Aug 22 (Reuters) - Canada's main stock index edged higher on
Thursday, as energy companies were lifted by higher oil prices,
but gains were limited by losses in precious metal miners
weighed down by lower gold prices.
* Oil rose further above $60 a barrel on Thursday, supported
by a drop in U.S. crude inventories and OPEC-led supply cuts,
although worries about the global economy remained.
* The energy sector climbed 0.6%, the most among
the major sectors.
* Sentiment was also helped by a clutch of
better-than-expected purchasing manager surveys (PMI) out of
Germany, France and the euro zone.
* However data from the U.S. showed manufacturing industries
recorded their first month of contraction in almost a decade
over concerns whether the U.S.-China trade conflict would tip
the economy into a recession.
* At 10:00 a.m. ET (14:00 GMT), the Toronto Stock Exchange's
S&P/TSX composite index was up 12.8 points, or 0.08%,
* On the TSX, 110 issues were higher, while 116 issues
declined for a 1.05-to-1 ratio to the downside, with 21.08
million shares traded.
* The largest percentage gainers on the TSX were Turquoise
Hill Resources Ltd, which jumped 9.2% and MEG Energy
Corp, which rose 3.4%.
* CannTrust Holdings fell 5.9%, the most on the
TSX, and the second biggest decliner was Saputo Inc,
down 4.6% after it announced plans to raise $599 million in
* Among the most heavily traded shares by volume were Belo
Sun Mining Corp and Stornoway Diamond Corp.
* The TSX posted six new 52-week highs and two new lows.
* Across all Canadian issues there were 19 new 52-week highs
and 10 new lows, with total volume of 44.29 million shares.
(Reporting by Amy Caren Daniel in Bengaluru; Editing by Shounak
First Published: 2019-08-22 15:35:12
Updated 2019-08-22 16:31:11
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.