TSX Recovers 50 Pts In Rallying Off Day Lows Over Final Two Hours; Mkt Closed Friday For Easter


Toronto's main stock index - which will not be operating tomorrow for the Easter holiday - finished lower for the third consecutive day on Thursday as European debt concerns continue to cast a shadow over markets. But it did recover 50 points over the final two hours to bounce off a day low 12,051.20 touched around 2pm ET.

It might have been worse as strong Canadian and U.S. jobs data may have helped cap losses. Oil gained for the first time in three days as the data raised hopes that demand will grow in the world's leading user of the commodity.

Also, the two most actively traded were Eastern Platinum (ELR.TO) which gained 20% in moving away from near year lows with 15.5 million shares traded.

Orbite Aluminae (ORT.TO) gained 5% and touched a day high $2.95 with around 10 million shares traded. Orbite Aluminae yesterday announced, following a joint request made by the company and the Autorite des marches financiers, the lifting of the cease trade order on Orbite's shares by the Bureau de decision et de revision.

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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