TSX Close: TSX Declines 31 Points, Dragged Down by Gold Stocks

By Midnight Trader,  October 12, 2012, 04:06:01 PM EDT

The Toronto stock market finished lower on Friday as commodity prices fell, offsetting some positive economic data and earnings news from south of the border.

The S&P TSX Composite Index closed down 31 points to 12,202, thanks to a late day bounce that pushed the index up from day lows of 12,170.

The gold sector led decliners as December bullion was off $10.90 to US$1,759.70 an ounce. The TSX's materials sector shed 1.5%; financials also contributed to the day's losses.

The energy sector was flat as crude oil for November delivery fell 21 cents to $91.86 a barrel on the New York Mercantile Exchange.

Heavily traded stocks included Bombardier (BBD-B.TO, +0.3%), Starfield Resources (SRU.TO, unchgd) and Gran Colombia Gold (GCM-WT.TO), -3%).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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