TSX Regains 1% After Monday's Crash Despite All But One Of 6 Most Traded Stocks Falling Today
Canada's main stock market, the Toronto Stock Exchange, regained some ground after Monday's crash - closing up 1% and just shy of day highs although five of the top six most actively traded individual stocks actually lost ground. The two most actively traded of this group were Barrick Gold (ABX.TO) and Kinross (K.TO) - both of which hit fresh year lows as many gold stocks continue to suffer while bullion prices remain under pressure.
The most active stock to buck the trend was First Quantum Minerals (FM.TO) which gained more than 9%.
On gold, MarketWatch reported: "Gold futures rebounded on Tuesday to recoup a small portion of the more than US$200 an ounce they lost in the two previous trading sessions." It said: "June gold added $26.30, or 1.9%, to settle at $1,387.40 an ounce on the Comex division of the New York Mercantile Exchange. Prices had tallied a loss of $203.80 an ounce, or 13%, on Friday and Monday."
Meanwhile, on oil futures, MarketWatch said: "Oil futures ended almost flat on Tuesday, a day after settling at their lowest level of the year as traders braced for the latest round of weekly supply data." It added: "A report from the American Petroleum Institute was scheduled for later Tuesday, while official U.S. government data were due Wednesday. Analysts polled by Platts expect to see a 1.25 million-barrel climb in crude inventories for the week ended April 12. May crude added a penny to settle at US$88.72 a barrel on the New York Mercantile Exchange."
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