US Markets

TSX flat as tech losses offset energy share gains

Credit: REUTERS/CHRIS HELGREN

Canada's main stock index was unchanged on Monday, as an early rise in energy shares was offset by losses in the technology sector.

(Reuters) - Canada's main stock index was unchanged on Monday, as an early rise in energy shares was offset by losses in the technology sector.

* At 9:43 a.m. ET (1343 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 3.22 points, or 0.02%, at 16,532.11.

* Eight of the index's 11 major sectors were lower, led by a 1% decline in the technology sector .SPTTTK.

* Biggest loser among tech stocks were shares of Shopify Inc SHOP.TO, which slid ~3%, followed by a 2% decline in those of BlackBerry Ltd BB.TO.

* On the other hand, the energy sector .SPTTEN jumped 2% as oil prices rose after the new Saudi Arabian energy minister, Prince Abdulaziz bin Salman, confirmed expectations that there would be no radical change in his country's oil policy. O/R

* The U.S. crude CLc1 prices were up 1.6% and Brent crude LCOc1 added 1%. O/R

* On the TSX, 114 issues were higher, while 119 issues declined for a 1.04-to-1 ratio to the downside, with 18.27 million shares traded.

* Top percentage gainers on the TSX were shares of energy companies Nuvista Energy <NVA.TO>, which jumped 9.8%, and Nexgen Energy Ltd <NXE.TO>, which rose 6.9%.

* Pretium Resources <PVG.TO> fell 3.3%, the most on the TSX, followed by shares of Hudson's Bay Co <HBC.TO>, down 2%.

* The most heavily traded shares by volume were Lydian International Ltd <LYD.TO>, Baytex Energy Co <BTE.TO> and Aurora Cannabis <ACB.TO>.

* The TSX posted four new 52-week highs and no new low.

* Across all Canadian issues, there were 10 new 52-week highs and two new lows, with total volume of 31.90 million shares.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Shinjini Ganguli)

((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780;))

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

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More