TSX Sheds 7 Points Mid-Afternoon; Miners Recover, But Telecom Extends Drop
The TSX was still a little changed by mid-afternoon, shedding only 7 points, after mining stocks recovered, offsetting the weakness in the telecom group.
The benchmark index has been in the negative territory since opening bell after the results of the recently held Greek election renewed concerns over the health of the euro zone economy. The victory of the leftist group had investors worried, as leader Alexis Tsipras, who is known for being against bailout initiatives, demanded for a renegotiation of the country's debt.
On the sector front, industrials continued to lead gainers with a 0.87% climb, while telecoms remained the weakest performer with a 1.85% loss. In resources, miners bounced higher 0.12%, lifted by a 1.76% rise in copper prices. Energy, on the other hand, advanced 0.55%, still on rebounding crude oil prices caused by positive comments from OPEC Secretary-General Abdullah al-Badri.
Total volume that have changed hands so far exceeded 217 million shares. Pinetree Capital (PNP.TO) was the most actively traded stock.
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