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TSX Turns Negative, Down 4 Points Mid-Afternoon; Healthcare Pares Early Gains, Resources Drop Further

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The TSX swung to a 4-point loss in mid-afternoon trading after healthcare stocks pared their earlier gains and resource issues continued to decline. The main index settled at 15,257.76, near an intraday low of 15,229.69.

Investors are weighing the impact of the recent developments in the Ukraine-Russia situation. Recent reports said Russia has sent aid mission to eastern Ukraine, with a huge convoy of food and medicine setting off from outside Moscow. Ukrainian officials, however, have set conditions before allowing the convoy to enter eastern Ukraine, including passing through a government-controlled border post and getting certification from Red Cross.

Healthcare stocks cut down their gains to 0.40%, with Tekmira Pharmaceuticals (TKM.TO) tumbling 21%. Financials were up by a mere 0.03%.

Meanwhile, miners and energy led the decliners with losses of 0.62% and 0.66%, respectively, following a drop in copper in crude oil prices . Info tech was down 0.47% after BlackBerry (BB.TO) slipped 1.44%.

Volume traded so far exceeded 184 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.

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

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