ANL 13.16 Increased By ▲ 0.01 (0.08%)
ASC 15.20 Increased By ▲ 0.10 (0.66%)
ASL 15.52 Decreased By ▼ -0.13 (-0.83%)
AVN 107.50 Increased By ▲ 0.02 (0.02%)
BOP 8.37 Decreased By ▼ -0.03 (-0.36%)
CNERGY 6.08 Decreased By ▼ -0.13 (-2.09%)
FFL 9.04 Increased By ▲ 0.03 (0.33%)
FNEL 8.55 Decreased By ▼ -0.05 (-0.58%)
GGGL 13.36 Increased By ▲ 0.46 (3.57%)
GGL 20.31 Increased By ▲ 0.53 (2.68%)
GTECH 9.36 Increased By ▲ 0.29 (3.2%)
HUMNL 7.14 Increased By ▲ 0.34 (5%)
KEL 3.12 Increased By ▲ 0.01 (0.32%)
KOSM 4.48 Increased By ▲ 0.33 (7.95%)
MLCF 34.54 Increased By ▲ 0.39 (1.14%)
PACE 4.09 Increased By ▲ 0.11 (2.76%)
PIBTL 7.16 Increased By ▲ 0.01 (0.14%)
PRL 14.10 Decreased By ▼ -0.22 (-1.54%)
PTC 8.60 Decreased By ▼ -0.13 (-1.49%)
SILK 1.32 Decreased By ▼ -0.02 (-1.49%)
SNGP 33.80 Decreased By ▼ -0.30 (-0.88%)
TELE 17.45 Decreased By ▼ -0.05 (-0.29%)
TPL 12.22 Decreased By ▼ -0.03 (-0.24%)
TPLP 27.34 Decreased By ▼ -0.56 (-2.01%)
TREET 38.50 Decreased By ▼ -0.50 (-1.28%)
TRG 84.98 Increased By ▲ 0.98 (1.17%)
UNITY 29.15 Increased By ▲ 1.41 (5.08%)
WAVES 15.60 Decreased By ▼ -0.07 (-0.45%)
WTL 2.22 Increased By ▲ 0.06 (2.78%)
YOUW 7.76 Increased By ▲ 0.42 (5.72%)
BR100 4,623 Increased By 5.5 (0.12%)
BR30 17,917 Increased By 191.5 (1.08%)
KSE100 45,078 Decreased By -5.1 (-0.01%)
KSE30 17,793 Decreased By -35.1 (-0.2%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,219
2724hr
Pakistan Cases
1,410,033
7,96324hr
Sindh
538,196
Punjab
474,208
Balochistan
34,277
Islamabad
125,203
KPK
190,578
Markets

TSX slips as Canadian National falls on bid to buy Kansas City rail

  • Canadian National's shares dropped 7.5% and was the worst performer on the main index after the company trumped a rival bid by Canadian Pacific to buy Kansas City Southern.
  • Toronto Stock Exchange's S&P/TSX composite index was down 117.6 points, or 0.61%, at 19,086.82.
20 Apr, 2021

Canada's main stock index slipped on Tuesday, pressured by industrial shares as Canadian National tumbled after it offered to buy railroad operator Kansas City Southern for $30 billion.

Canadian National's shares dropped 7.5% and was the worst performer on the main index after the company trumped a rival bid by Canadian Pacific to buy Kansas City Southern.

That led to the industrial sector posting a decline of 2%.

At 9:44 a.m. ET (13:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 117.6 points, or 0.61%, at 19,086.82.

The energy sector dropped 2% even as US crude prices were up 0.3% a barrel and Brent crude added 0.5%.

The materials sector, which includes precious and base metals miners, lost 0.2% as gold futures fell 0.1% to $1,767.9 an ounce.

On the TSX, 76 issues were higher, while 150 issues declined for a 1.97-to-1 ratio to the downside, with 15.29 million shares traded.

The largest percentage gainers on the TSX were Spin Master Corp, which jumped 2.7%, and Altus Group, which rose 2.1%.

The most heavily traded shares by volume were Zenabis Global Inc, Bombardier and Air Canada .

The TSX posted five new 52-week highs and one new low.

Across all Canadian issues there were 26 new 52-week highs and nine new lows, with total volume of 33.50 million shares.

Comments

Comments are closed.