AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Markets

TSX set for best quarter since 2009 on recovery hopes

  • The energy sector dropped 1.7% as US crude prices were down 0.1% a barrel, while Brent crude lost 1.2%.
  • On the TSX, 141 issues were higher, while 78 issues declined for a 1.81-to-1 ratio favouring gainers, with 72.05 million shares traded.
Published June 30, 2020

Canada's main stock index inched higher on Tuesday and was on track for its best quarter since the global financial crisis, as estimates of an economic expansion in May bolstered hopes for a faster post-pandemic recovery.

Canada's real GDP is likely to have grown 3% in May, bouncing back from a record decline in April, Statistics Canada said in a flash estimate on Tuesday, as businesses across the country began to reopen following coronavirus-linked shutdowns.

At 11:35 a.m. ET (1535 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 39.8 points, or 0.26%, at 15,429.52, and was on course for its biggest quarterly percentage gain since the second quarter of 2009.

However, the energy sector dropped 1.7% as US crude prices were down 0.1% a barrel, while Brent crude lost 1.2%.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.9% as gold futures rose 0.8% to $1,789.4 an ounce.

On the TSX, 141 issues were higher, while 78 issues declined for a 1.81-to-1 ratio favouring gainers, with 72.05 million shares traded.

The largest percentage gainer on the TSX was Real Matters Inc with a 7.5% jump, followed by Iamgold Corp , which rose 7.0%.

Cineplex fell 16.6% to a more than three-month low, the most on the TSX, after reporting a hit to first-quarter results from the COVID-19 pandemic.

The most heavily traded shares by volume were Bonavista Energy, Baytex Energy Co, and B2gold Corp .

The TSX posted 13 new 52-week highs and no new low.

Across all Canadian issues there were 38 new 52-week highs and 3 new lows, with total volume of 154.14 million shares.

Comments

Comments are closed.