TSX Closes Up Nearly 120 Pts Or 1% As Financials Shine; RIM's Performance Reflects That of Overall Index

Toronto's main stock index closed up more than 120 points Thursday, marking a particularly strong second half to the day, as financial issues shone.

The Toronto Stock Index was up just 14.92 points, or 0.13%, at 11,768.45 on Thursday at 10.50 am ET, according to Reuters. It was still around the 11,800 mark shortly before midday.

Financial issues were boosted by Wednesday's first-ever three-year tender by the European Central Bank. Royal Bank (RY.TO) and Manulife (MFC.TO) both gained at least 3%.

Reflecting the improvement in the overall index, Research in Motion (RIM.TO, RIMM) turned around a mid-day sell-off - possibly spurred by rumours today of a software glitch with the new BlackBerry software - to close at $14.33 a share, up 16 cents or 1.1%

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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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