TSX Close: TSX Hangs On To Triple Digit Gains, Rises 1% on Resource Stock Rally

By MT Newswires,  September 07, 2012, 04:01:08 PM EDT

The Toronto stock market ended the Friday trading session with strong gains amid relief over a bond-buying plan in Europe and bets on U.S. Federal Reserve stimulus following a weak American jobs report.

The TSX posted a triple digit increase, rising 128 points to 12,268, just off day highs of 12,270.

Resource stocks paced gainers as the TSX's materials sector rose 3% and energy was up 2%.

Heavily traded stocks solidly in the green included Torex Gold Resources (TXG.TO), Eastern Platinum (ELR.TO), Perseus Mining (PRU.TO) and Petaquilla Minerals (PTQ.TO).




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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