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Wednesday, May 25, 2022

TSX rises 0.70 pct, led by energy

TSX rises 0.70 pct, led by energyNEW YORK: The Toronto Stock Exchange’s S&P/TSX rose 114.99 points, or 0.70 percent, to 16,450.14.

The biggest contributor to the TSX gain was Whitecap Resources , while the energy sector provided the biggest boost.

Whitecap Resources, up 7.9 percent, also led percentage gainers, followed by Cenovus Energy Inc, up 7.7 percent, and Nuvista Energy Ltd , higher by 6.4 percent.

Lagging shares were BlackBerry Ltd, down 9.3 percent, Canopy Growth Corp, down 9.1 percent, and Canada Goose Holdings Inc, lower by 7.4 percent.

On the TSX 170 issues advanced and 72 declined as a 2.4-to-1 ratio favored advancers. There were 13 new highs and 1 new lows, with total volume of 229.4 million shares.

The most heavily traded shares by volume were Aurora Cannabis Inc, Canopy Growth Corp and Aphria Inc .

The TSX’s energy group rose 7.06 points, or 3.63 percent, while the financials sector climbed 1.09 points, or 0.36 percent.

West Texas Intermediate crude futures rose 5.68 percent, or $3.72, to $69.26 a barrel. Brent crude rose 3.6 percent, or $2.63, to $75.68

The TSX is up 1.5 percent for the year.

Copyright Reuters, 2018

Source: Brecorder

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