TSX Climbs 111 Points at Midday As Miners, Industrials Lead the Way
The TSX climbed 111 points at midday as positive trade data out of China lifted sentiments, offsetting the weakness in oil prices .
Reports said China's exports grew 11.5% year over year in March, exceeding expectations. This is the first increase since June.
Meanwhile, oil prices were still in the red amid the uncertainty surrounding Sunday's producer meeting in Qatar and due, as well, to concerns over the American Petroleum Institute's report of a 6.2 million barrel oil build, well above the 1 million barrel expectations. At last peek, Brent was down 0.8% at US$44.35/barrel, while the WTI fell 0.6% to US$41.93/barrel.
Miners led the advancers with gains of 4.5% and industrials followed, jumping 2.3%. Energy was ahead by 0.9%. Healthcare and telecoms were in the negative territory, down 0.6% and 0.1%, respectively.
Total volume traded so far reached 218.9 million shares. Kinross Gold (K.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.
