ANL 29.15 Increased By ▲ 0.63 (2.21%)
ASC 16.60 Decreased By ▼ -0.08 (-0.48%)
ASL 25.20 Increased By ▲ 1.44 (6.06%)
AVN 96.60 Increased By ▲ 2.37 (2.51%)
BOP 9.50 Increased By ▲ 0.03 (0.32%)
BYCO 9.54 Decreased By ▼ -0.02 (-0.21%)
DGKC 112.66 Increased By ▲ 2.16 (1.95%)
EPCL 47.94 Increased By ▲ 0.49 (1.03%)
FCCL 21.45 Increased By ▲ 0.17 (0.8%)
FFBL 28.86 Increased By ▲ 0.89 (3.18%)
FFL 19.24 Decreased By ▼ -0.04 (-0.21%)
HASCOL 14.12 Decreased By ▼ -0.18 (-1.26%)
HUBC 86.59 Increased By ▲ 0.59 (0.69%)
HUMNL 7.30 No Change ▼ 0.00 (0%)
JSCL 32.30 Increased By ▲ 0.83 (2.64%)
KAPCO 40.84 Increased By ▲ 0.10 (0.25%)
KEL 4.16 Increased By ▲ 0.05 (1.22%)
LOTCHEM 16.09 Decreased By ▼ -0.11 (-0.68%)
MLCF 44.16 Increased By ▲ 1.14 (2.65%)
PAEL 40.05 Increased By ▲ 0.19 (0.48%)
PIBTL 13.09 Increased By ▲ 0.18 (1.39%)
POWER 11.80 Increased By ▲ 0.40 (3.51%)
PPL 94.02 Increased By ▲ 0.73 (0.78%)
PRL 23.85 Increased By ▲ 0.05 (0.21%)
PTC 9.40 Increased By ▲ 0.10 (1.08%)
SILK 1.21 Increased By ▲ 0.01 (0.83%)
SNGP 44.72 Increased By ▲ 0.39 (0.88%)
TRG 113.32 Increased By ▲ 4.84 (4.46%)
UNITY 33.06 Decreased By ▼ -0.09 (-0.27%)
WTL 1.10 Decreased By ▼ -0.02 (-1.79%)
BR100 4,886 Increased By ▲ 30.05 (0.62%)
BR30 25,035 Increased By ▲ 310.96 (1.26%)
KSE100 46,178 Increased By ▲ 309.81 (0.68%)
KSE30 19,207 Increased By ▲ 145.57 (0.76%)
Markets

TSX falls on energy weakness, Alimentation Couche-Tard deal talks

  • The energy sector dropped 1.1% as US crude prices were down 0.8% a barrel, while Brent crude lost 1%.
  • Toronto Stock Exchange's S&P/TSX composite index was down 26.34 points, or 0.15%, at 17,959.46.
Updated 13 Jan 2021

Canada's main stock index reversed course to trade lower on Wednesday, dragged down by weakness in energy stocks, while a drop in convenience-store operator Alimentation Couche-Tard Inc on merger reports further dented sentiment.

The energy sector dropped 1.1% as US crude prices were down 0.8% a barrel, while Brent crude lost 1%.

Alimentation Couche-Tard fell 7.4%, the most on the TSX, after the company submitted a non-binding offer letter to buy European retail giant Carrefour at a price of 20 euros per share.

At 9:43 a.m. ET (14:43 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 26.34 points, or 0.15%, at 17,959.46.

Meanwhile, Ontario on Tuesday declared an emergency after latest modeling put Canada's most populous province on track to have more than 20,000 new COVID-19 cases per day by the middle of February.

The second biggest decliner was commodity chemicals maker Methanex Corp, down 3%.

Adding to the downbeat mood, the materials sector , which includes precious and base metals miners and fertilizer companies, lost 0.1%.

On the TSX, 93 issues were higher, while 120 issues declined for a 1.29-to-1 ratio to the downside, with 21.04 million shares traded.

The largest percentage gainers on the TSX were pot producer Cronos Group Inc, which jumped 3.7%, and cancer drug developer Trillium Therapeutics Inc , which rose 3.3%.

The most-heavily traded shares by volume were Toronto-Dominion Bank, Alimentation Couche-Tard and Northern Dynasty Minerals Ltd.

The TSX posted six new 52-week highs and no new lows.

Across all Canadian issues there were 44 new 52-week highs and two new lows, with total volume of 43.31 million shares.