Markets

TSX Dives 175 Points at Midday As Energy, Materials Tumble

The TSX shed 175 points at midday, dragged down mostly by energy and material stocks.

Oil prices were declining on Monday amid concerns that the robust drilling activity in the U.S. might hamper the deal among OPEC producers. Brent was last down 0.4% at US$55.30/barrel.

Energy slid 2.7%. Mining and metals retreated 1.2% and 2.3%, respectively. Info tech was also notably lower, tumbling 1.7%.

Total volume traded so far was 181.8 million shares. B2Gold (BTO.TO) was the most actively traded stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More