Canada#039s main stock index rebounded from a three-week low on Monday, led by...
March 11 (Reuters) - Canada’s main stock index rebounded from a three-week low on Monday, led by shares of energy and material companies, as global equities stabilized from their worst week this year.
* At 10:10 a.m. ET (14:10 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 0.6 percent at 16,103.93, nearing its best levels since October 2018.
* All of the index’s 11 major sectors were higher, led by the energy sector as oil prices rose.
* The financials sector gained 0.4 percent, while the industrials sector rose 0.7 percent.
* The materials sector, which includes precious and base metals, added 0.9 percent.
* Barrick Gold Corp rose 2.8 percent after it ended its bid for its biggest rival Newmont Mining Corp and instead signed an agreement to create a joint venture for Nevada operations.
* On the TSX, 159 issues were higher, while 74 issues declined for a 2.15-to-1 ratio favouring gainers, with 34.04 million shares traded.
* The largest percentage gainer on the TSX was lumber company Canfor Corp, which jumped 5.1 percent after brokerage BMO upgraded the stock to “outperform.”
* Iamgold Corp was the biggest decliner, as gold prices slipped on Monday after equity markets regained some ground.
* The most heavily traded shares by volume were Aurora Cannabis, Barrick Gold Corp and Argex Titanium Inc.
* The TSX posted nine new 52-week highs and no new lows.
* Across all Canadian issues there were 36 new 52-week highs and three new lows, with total volume of 53.19 million shares. (Reporting by Agamoni Ghosh; Editing by Arun Koyyur)
Monday, March 25, 2019