September 3, 2019 / 2:02 PM / 16 days ago

CANADA STOCKS-TSX falls as factory activity slows; energy stocks weigh

Sept 3 (Reuters) - Canada’s main stock index fell on Tuesday as domestic manufacturing activity slowed in August amid global trade worries, while a sharp slide in oil prices weighed on energy shares.

* At 9:32 a.m. ET (13:32 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 50.89 points, or 0.31%, at 16,391.18.

* IHS Markit data showed, a measure of new orders fell to the lowest since December 2015, while the output index was in contraction for the fifth straight month and a measure of business optimism dropped to a three-and-a-half year low.

* Five of the index’s 11 major sectors were lower.

* The energy sector dropped 2.3%, as oil prices, one of Canada’s major exports, dropped on rising OPEC and Russian oil output.

* U.S. crude prices were down 3.6% a barrel, while Brent crude lost 2.3%.

* The financials sector slipped 0.4%, while the industrials sector fell 0.5%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.9% as gold futures rose 0.9% to $1,533.1 an ounce.

* On the TSX, 59 issues were higher, while 174 issues declined for a 2.95-to-1 ratio to the downside, with 7.39 million shares traded.

* The largest percentage gainers on the TSX were First Majestic Silver Corp, which jumped 3.1% and Kirkland Lake Gold Ltd, which rose 3%.

* Baytex Energy Corp fell 5.2%, the most on the TSX. The second biggest decliner was CannTrust Holdings Inc , down 5.2%.

* The most heavily traded shares by volume were Stornoway Diamond Corp, Crescent Point Energy Corp and Sherritt International Corp.

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

* Across all Canadian issues there were 30 new 52-week highs and nine new lows, with total volume of 16.74 million shares. (Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below