AGL 39.18 Decreased By ▼ -0.82 (-2.05%)
AIRLINK 127.97 Decreased By ▼ -1.09 (-0.84%)
BOP 6.82 Increased By ▲ 0.07 (1.04%)
CNERGY 4.68 Increased By ▲ 0.19 (4.23%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.20 Increased By ▲ 0.38 (0.93%)
DGKC 82.17 Increased By ▲ 1.21 (1.49%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 73.99 Decreased By ▼ -0.44 (-0.59%)
FFL 11.81 Increased By ▲ 0.07 (0.6%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.10 Increased By ▲ 0.35 (2.55%)
KEL 5.21 Decreased By ▼ -0.10 (-1.88%)
KOSM 7.64 Decreased By ▼ -0.08 (-1.04%)
MLCF 39.10 Increased By ▲ 0.50 (1.3%)
NBP 63.69 Increased By ▲ 0.18 (0.28%)
OGDC 192.75 Decreased By ▼ -1.94 (-1%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.29 Decreased By ▼ -0.10 (-1.35%)
PPL 152.90 Decreased By ▼ -2.55 (-1.64%)
PRL 25.45 Decreased By ▼ -0.34 (-1.32%)
PTC 17.48 Decreased By ▼ -0.02 (-0.11%)
SEARL 82.12 Increased By ▲ 3.47 (4.41%)
TELE 7.60 Decreased By ▼ -0.26 (-3.31%)
TOMCL 33.34 Decreased By ▼ -0.39 (-1.16%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.36 Increased By ▲ 0.09 (0.55%)
TRG 56.50 Decreased By ▼ -1.72 (-2.95%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,516 Increased By 70.9 (0.68%)
BR30 31,087 Decreased By -102.7 (-0.33%)
KSE100 98,146 Increased By 348.1 (0.36%)
KSE30 30,640 Increased By 159.1 (0.52%)
Markets

TSX falls on energy weakness as surging virus cases weigh

  • The energy sector dropped 3.3% as US crude prices were down 2.4% a barrel, while Brent crude lost 2.3%.
  • The financials sector slipped 0.9%, while the industrials sector fell 1.1%.
Published October 26, 2020

Canada's main stock index fell on Monday, dragged by energy stocks as a surge in coronavirus cases in the US and Europe threatened fuel demand, while Libya's fast growing output also weighed on prices.

The energy sector dropped 3.3% as US crude prices were down 2.4% a barrel, while Brent crude lost 2.3%.

At 9:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 118.62 points, or 0.73%, at 16,185.46.

The financials sector slipped 0.9%, while the industrials sector fell 1.1%.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.1%. Gold futures fell 0.1% to $1,900.3 an ounce.

On the TSX, 46 issues were higher, while 171 issues declined for a 3.72-to-1 ratio to the downside, with 17.26 million shares traded.

Cenovus Energy Inc fell 12.8%, the most on the TSX, after the company agreed to buy Husky Energy Inc and the second biggest decliner was Vermilion Energy Inc , down 5.3%.

Genworth MI Canada Inc jumped 23.7% to be the largest percentage gainer on the TSX. The company said Brookfield Business Partners will buy the remaining 43% stake it does not hold in the mortgage insurer for about C$1.6 billion ($1.21 billion).

Its gains were followed by Husky Energy Inc, which rose 7.7% on the Cenovus deal.

The most heavily traded shares by volume were Cenovus Energy Inc, Husky Energy, and Fission Uranium Corp.

The TSX posted two new 52-week highs and no new lows.

Across all Canadian issues there were four new 52-week highs and no new lows, with total volume of 29.42 million shares.

Comments

Comments are closed.