June 11, 2019 / 2:04 PM / a month ago

CANADA STOCKS-TSX rises as higher oil prices boost energy shares

June 11 (Reuters) - Canada’s main stock index rose on Tuesday, as higher oil prices aided the energy sector, against the backdrop of optimism in global financial markets over signs of stimulus in the Chinese economy.

* At 9:37 a.m. ET (1337 GMT), the Toronto Stock Exchange’s S&P/TSX Composite index was up 59.24 points, or 0.37%, at 16,275.5.

* Nine of the index’s 11 major sectors were higher, led by the energy sector which climbed 0.9%.

* Oil rose further above $62 a barrel on Tuesday as firmer equities and expectations that OPEC and its allies will keep withholding supply countered concern about slowing economies and demand.

* The U.S. crude prices were up 0.8%, while Brent crude added 0.4%.

* The financials sector gained 0.4%.

* Also helping the main index was a 6% rise in shares of SNC-Lavalin Group Inc, after the company named Chief Operating Officer Ian Edwards interim president and chief executive officer.

* On the TSX, 163 issues were higher, while 65 issues declined for a 2.51-to-1 ratio favouring gainers, with 21.14 million shares traded.

* The largest percentage gainers on the TSX were shares of BRP Inc, which jumped 8.8%, closely followed by those of SNC-Lavalin.

* Allied Properties Real Estate Investment fell 2.9%, the most on the TSX, followed by shares of Endeavour Mining, down 1.5%.

* The most heavily traded shares by volume were Husky Energy , BCE Inc and Genenews Limited.

* The TSX posted five new 52-week highs and three new lows.

* Across all Canadian issues there were 12 new 52-week highs and five new lows, with total volume of 29.28 million shares. (Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shailesh Kuber)

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