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TSX Close: TSX Posts Solid Gains as Positive U.S. Economic Data Kickstarts Markets
By: MT Newswires
The Toronto stock market ended the Friday trading session higher in a broad-based rally as investors cheered U.S. job creation data and a strong showing in the American manufacturing sector.
The S&P TSX Composite Index closed 83 points higher at 12,768. The index rose steadily throughout the day, peaking at 12,783 mid-afternoon before dropping slightly in the last two hours of trading.
The industrials sector led gainers with a 1.2% increase, followed closely by materials, up 1.1%. Only the utilities sector was in negative territory, losing 1%.
Commodity prices were higher. April gold rose 0.5%, to settle at $1,670.60 an ounce on the Comex division of the New York Mercantile Exchange. Prices were up nearly 0.9% for the week. March crude gained 0.3%, to settle at $97.77 a barrel. Oil rose 2% on the week.
Actively traded TSX stocks included Twin Butte Energy (TBE.TO, -16%), BNK Petroleum (BKX.TO, +8%), Northland Resources (NAU.TO, -8%) and Research in Motion (RIM.TO, +1%).