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Friday, 12 April 2013 04:35
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TORONTO: Canada's main stock index fell for the first time in four sessions on Thursday as energy and mining stocks were hurt by declining prices and weak investor sentiment, while BlackBerry plunged on doubts about the company's recovery plan.BlackBerry ended the session down 7.4 percent at C$13.82, making it easily the weakest performer on the S&P/TSX composite index as analysts called into question whether the company's new BlackBerry 10 smartphones can return it to long-term profitability.But the main weight on the index came from the energy and mining sectors, down 0.68 percent and 0.97 percent respectively.Both segments have been volatile this year and mining issues have been in near-steady decline, adding to the TSX's underperformance versus comparable US indexes."Despite the vastly improved valuations from a year ago, investors are still not biting. There's no rush to get into the sectors here, materials and energy," said Elvis Picardo, strategist and vice ...
TORONTO: Canada's main stock index extended its gains to a third straight day on Wednesday, hitting a one-week high, as positive trade data from China buoyed hopes for a global economic recovery and lifted financial and energy shares.The gains offset weakness in Barrick Gold Corp and other gold shares. The world's biggest gold mining firm was hit by a court in Chile temporarily suspending construction at a huge mine there.The price of bullion tumbled after ...
SYDNEY: Australian shares inched down 0.3 percent in late morning trade on Wednesday after a retreat in financials offset a rally in miners driven by higher iron ore prices, as investors switched out of banks into miners on stronger iron ore prices."You've got two forces at work today. We've got BHP and Rio which were up strongly overseas...so there is a slight rotation (out) of banks into resources," said Stuart Smith, private client advisor at ...
COLOMBO: Sri Lankan stocks fell for the fourth straight session on Monday to hit a more than two-week low as upward pressure on interest rates kept many investors on the sidelines, while the rupee ended firmer on remittances.The main index finished 0.53 percent or 30.48 points weaker at 5,705.20, its lowest March 15."Interest rates are still high. They need to come off for retailers to get activated," said a stockbroker on condition of anonymity.Yields on ...
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