TSX Pares Earlier Gain, Up 11 Points Mid-Afternoon; Miners Climb Further, Info Tech Continues Slide

By MidnightTrader.com Staff,

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The TSX was up 11 points mid-afternoon after giving back some of its earlier gains, as info tech shares continued their slide. Keeping the market afloat, however, were mining and energy stocks that rose after getting support from gold and oil prices .

Mining remained as the strongest sector, up 1.4%, with gold prices jumping 0.8% to $1,305.30 an ounce. Energy was up 0.1%, boosted by oil prices that went up 0.7%. ScotiaMcLeod Portfolio Manager Michael Newton reportedly said: "Because the Canadian market is outperforming the S&P 500 this year, there's some renewed interest, particularly in the energy sector."

Info tech was still the weakest sector, down 1.3%, with BlackBerry (BB.TO) shares slumping 1%. Healthcare dropped 0.7%, while financials slipped 0.2%.

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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