UPDATE: TSX Closes Fails To Hold On To Afternoon Gains That Took It Close To 13,600; Closes Down 6.5Pts


Canada's main stock, the Toronto Stock Exchange, failed to hold on to afternoon gains that took it to just shy of 13,600 - its highest levels in the best part of three years. After holding out on one bout of selling inside the last hour, the index relinquished to a second late on and eventually closed down around half a dozen points. It touched a day high 13,597.48 and was twice below 13,575 in the morning session.

Sectors were mixed, with five of them higher and three lower. Of those lower, the influential Energy was down 0.35%, with Industrials and Utilities also down.

Otherwise, Health Care gained 1.3% while Info Tech was 0.6% higher.

The resources heavy TSX was not helped by lower commodity prices. Gold declined 0.8% to settle at around US$1,203.80, falling for the first time in four days in New York. It is poised to record its biggest annual loss in around 30 years. West Texas Intermediate crude slipped below US$100 a barrel with U.S. inventories near record highs.

Capping losses was Colossus Minerals (CSI.TO), which closed up 1.5 cents at 9.5 cents having earlier touched 12 cents with more than 12 million shares 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.

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This article appears in: Investing , Commodities

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