TSX Down 42 Points Mid-Afternoon; Energy, Info Tech Swing to Gain

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The TSX was down by 42 points mid-afternoon, an improvement compared to midday, after energy and info tech shares reversed their earlier downward trend.

The benchmark index was hurt by World Bank's downward revision of its global growth outlook, which was based on a combination of events such as the Ukraine crisis and the harsh weather conditions.

Healthcare was still the weakest sector, down 1.30%, with Valeant Pharmaceuticals (VRX.TO) shedding 1% a day after its takeover target Allergan ( AGN ) rejected its offer. Telecom was a close second, falling 1.13%. Mining shares were off 0.74%, with copper prices slipping 0.41%. The heavyweight financials were down by 0.54%.


Meanwhile, info tech swung to a 0.21% gain. Energy shares also turned positive, up 0.10%, despite dropping crude oil and natural gas prices .

More than 182 million shares have changed hands so far. Osisko Mining (OSK.TO) was the most actively traded stock, with volume of over 8 million shares. Amaya Gaming (AYA.TO) was the biggest percentage gainer, while Reitmans (RET-A.TO) was the biggest percentage loser.



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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: AGN

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As of 12/19/2014, 04:15 PM


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