TSX Close: TSX Ends Little Changed as RIM Soars, Gold, Energy Stocks Fall

By MidnightTrader.com Staff,

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The Toronto stock market ended little changed but in positive territory on Friday, buoyed by a surging Research in Motion offset by losses in gold and energy stocks as commodity prices declined.

The S&P TSX Composite Index finished up 2 points at 12,602, recovering from earlier lows of 12,545.

Heavily traded RIM gained around 13%, bouncing back after U.K. carrier Vodaphone experienced technical problems earlier in the day that disrupted Blackberry service in Europe, Africa and the Middle East.

The tech sector gained about 2% on RIM's strength while the energy and materials sectors both lost around 0.4% on weaker commodity prices.

February gold settled at $1,660.60 an ounce on the Comex division of the New York Mercantile Exchange, down $17.40, or 1%. Crude oil fell 26 cents, or 0.3%, to settle at $93.56 a barrel.

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

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This article appears in: Investing Commodities
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