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TSX Up 110 Points Mid-Afternoon, Energy Still In The Lead

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The TSX surged 110 points in the mid-afternoon session, still on support from energy stocks, with oil prices pushing further above US$50/barrel.

Reuters said the OPEC finally agreed to reduce production for the first time since 2008. Algeria was reportedly proposing to decrease the output ceiling to 32.5 million barrels per day.

Energy advanced 8.6% and was followed from a distance by industrials, which gained 1%. Mining was down 0.7%, while metals edged up 0.8%.

Total volume traded was 333.1 million shares. Baytex Energy (BTE.TO) was the most actively traded stock.

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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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