CANADA STOCKS-TSX climbs to 9-month high, led by tech and mining shares

  • 11/26/2020
  • 00:00
  • 10
  • 0
  • 0
news-picture

(Adds details throughout, updates prices) Nov 26 (Reuters) - Canada’s main stock index rose to a nine-month high on Thursday as declines in energy stocks were offset by gains in major technology and mining players, while a U.S. market holiday kept trading volumes low. * The Toronto Stock Exchange’s S&P/TSX composite index closed up 38.27 points, or 0.2%, at 17,351.34. * The energy sector fell 0.4%, tracking declines in crude prices as signs of growing supplies helped to halt a rally driven by optimism over COVID-19 vaccines. * The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.2% as gold and base metal prices rose. * The information technology sector, the second largest sector in the benchmark after financials, rose nearly 1%. * Volume on the TSX index was about 97 million shares, its lowest since July 3. U.S. stock markets were closed on Thursday for the Thanksgiving Day holiday. * Among the largest percentage gainers was power sports manufacturer BRP Inc, which jumped 5.5% after a series of price-target hikes on strong third-quarter results. (Reporting by Fergal Smith in Toronto and Ambar Warrick in Bengaluru; Editing by Alison Williams, Paul Simao and Tom Brown)

مشاركة :