TSX Improves Loss, Down 24 Points Mid-Afternoon, As Industrials Swing to Gain, Healthcare Continues Climb

By
A A A

The TSX was down by 24 points in mid-afternoon trading, narrowing its earlier loss, as industrial stocks turned positive and healthcare issues extended their climb. The index settled at 15,242.40, close to a record high of 15,291.15 that it hit last week.

The turmoil in Ukraine and the conflict between Israel and Gaza continues to weigh on investor sentiment. Although Edward Jones Canadian Market Strategist Craig Fehr reportedly believes that the geopolitical crisis won't damage the outlook for global growth and that the TSX should rise further in a week.

With the geopolitical turmoil making safe-haven assets more attractive, lifting gold prices , mining stocks were up 0.31%. Healthcare was the biggest gainer, up 1.14%, after Valeant Pharmaceuticals (VRX.TO) gained 3%. Industrials rose 0.18%, reversing their earlier downward trend.


Meanwhile, energy shares tumbled 0.46%, along with natural gas prices . Info tech followed, falling 0.30%. The heavyweight financials slipped 0.04%.

More than 141 million shares have changed hands so far. Bombardier (BBD-B.TO) was the most actively traded.



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:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

64,655,493
  • $17.88 ▼ 1.38%
53,363,101
  • $18.51 ▼ 6.98%
42,789,793
  • $94.01 ▼ 1.26%
40,818,762
  • $121.30 ▼ 0.87%
38,086,152
  • $23.28 ▼ 9.17%
36,103,930
  • $14.20 ▼ 0.77%
31,870,696
  • $14.83 ▼ 1.79%
29,019,850
  • $46.70 ▼ 0.38%
As of 7/31/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com