Markets

TSX Flat at Midday; Miners, Healthcare Lead Gains

The TSX gave back most of its earlier gains and was up by just a point at midday, with mining and healthcare stocks cushioning the impact of losses in every other sector.

Weighing on sentiments was oil, which slid to new lows as concerns build up alongside market supply. And OPEC's refusal to cut production isn't helping even as poorer member-nations of the oil cartel are taking a blow. At last check, global benchmark Brent crude was down 2% at US$36.16/barrel, trading near the WTI crude, which was off 0.9% at US$34.43/barrel.

The energy sector was the biggest decliner, shedding 0.4%, and was closely followed by industrials, which slipped 0.2%. The healthcare and mining groups were ahead 1.16% and 2.79%, respectively.

Total volume traded so far reached 162.6 million shares. Long Run Exploration (LRE.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

Commodities

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