TSX Cuts Gains, Up 9 Points Mid-Afternoon, As Resources Drop Further

By MidnightTrader.com Staff,

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The TSX advanced 9 points in mid-afternoon trading to 15,271.75, cutting early gains, after mining and energy issues continued to tumble. But the benchmark index remained afloat, as Russian President Vladimir Putin's remarks helped calm fears over the Ukraine-Russia crisis. Media reports said President Putin reassured that Russia would stand up for itself but not to the point of causing conflict with the outside world.

Healthcare was the torchbearer for gainers, up 0.58%, with Valeant Pharmaceuticals (VRX.TO) advancing 1.46%. Financials followed, rising 0.56%. Industrials and telecom were up 0.31% and 0.16%, respectively.

Meanwhile, miners and energy stocks were still under pressure, down 1.26% and 1.00%, respectively, dragged lower by weak gold and crude oil prices .

Volume traded so far surpassed 201 million shares. Long Run Exploration (LRE.TO) was the most actively traded stock.

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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