TSX Continues Climb, Up 42 Points Mid-Afternoon, As Miners Drive Gains; Hits Record High Earlier


The TSX marched ahead 42 points in mid-afternoon trading, having touched a new record high of 15,685.13 earlier, as mining stocks continued to climb and energy and healthcare shares narrowed their losses. Positively motivating investors were a rebound in Chinese economic data and reports that said Ukraine and Russia could finally call it a truce.

Media reports said the two nations' heads had a telephone call, where they talked about what was needed to achieve a cease-fire in southeastern Ukraine. Russian President Vladimir Putin even said that a formal agreement could be reached this week. On the other hand, China released the most recent services industry data showing the non-manufacturing purchasing managers' index rose to 54.4 in August from 54.2 in July.

Mining stocks surged 1.70%, as they continue to get strength from gold and silver prices. Info tech, the biggest gainer at midday, came in second with a 1.32% jump. Financials advanced 0.38%.

Energy and healthcare remained in the negative territory but narrowed their losses to 0.05% and 0.09%, respectively.

Over 201 million shares have changed hands so far. Spartan Energy (SPE.TO) was the most heavily traded stock.

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.

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This article appears in: Investing , Commodities

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