April 30, 2018 / 3:08 PM / 22 days ago

CANADA STOCKS-TSX reopens near six-week high after Friday's abrupt shutdown

April 30 (Reuters) - Canada’s main stock index hovered near its six-week high on Monday, led by financial and industrial shares, after an outage halted trading on the Toronto Stock Exchange on Friday.

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange’s S&P/TSX Composite Index rose 24.09 points, or 0.15 percent, to 15,693.02.

* TMX Group Ltd, which operates the Toronto Stock Exchange and smaller Canadian trading platforms, said in a statement on Saturday that the failure of data storage equipment caused the outage.

* Shares of TMX Group Ltd were down 2.5 percent.

* Nine of Canada’s 10 main index sectors were higher, led by the financial sector.

* Shares of Royal Bank of Canada and Toronto-Dominion bank were up around 0.4 percent each, providing the biggest boost to the financial index.

* Also helping the main index was the industrials group, boosted by Air Canada, which gained 1.6 percent after reporting a smaller-than-expected quarterly loss.

* The materials index was the only laggard, dragged down by lower gold prices.

* Gold fell to its lowest in nearly six weeks as the dollar strengthened, while easing tensions on the Korean peninsula helped boost appetite for assets seen as higher risk.

* Shares of TransCanada Corp fell 1 percent after the company reported first-quarter results on Friday.

* Prem Watsa’s Fairfax Financial Holdings Limited declined 0.8 percent after Toys “R” Us (Canada) Ltd on Friday received U.S. and Canadian court approval to sell itself to the company.

* The TSX posted two new 52-week highs and three new lows. Across all Canadian issues there were five new 52-week highs and eight new lows.

* The largest percentage gainer on the TSX was Prometic Life Scan after the company said its primary immunodeficiency treatment met the main goal in a late-stage study.

* The largest decliner was Detour Gold Corp after brokerages cut their price targets on the stock.

* Among the most active Canadian stocks by volumes were Katanga Mining, Potash Ridge Corp and Aurora Cannabis.

* Volume on the TSX index was 14.15 million shares, compared with 25.64 million shares on Friday.

* Economic data showed Canadian producer prices increased by 0.8 percent in March from February on higher prices of energy and petroleum products as well as paper and pulp. (Reporting by Amy Caren Daniel in Bengaluru; Editing by Anil D’Silva)

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