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TSX flat as miners offset weakness in energy stocks

08/04/2021 | 10:06am EDT
FILE PHOTO: A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

(Reuters) - Canada's main stock index was little changed on Wednesday as gains in miners countered a plunge in energy stocks due to weaker crude prices.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.4% as gold futures rose 1.1% to $1,830.5 an ounce. [GOL/]

* The energy sector dropped 2.3% as crude prices fell on concerns around the increasing spread of the coronavirus Delta variant in top consuming countries. [O/R]

* At 9:35 a.m. ET (13:35 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 16.82 points, or 0.08%, at 20,382.67.

* The value of Canadian building permits rose by 6.9% in June from May, Statistics Canada said.

* The financials sector gained 0.1%. The industrials sector fell 0.1%.

* On the TSX, 125 issues were higher, while 97 issues declined for a 1.29-to-1 ratio favoring gainers, with 7.96 million shares traded.

* The largest percentage gainer on the TSX was mattress retailer Sleep Country Canada Holdings Inc , which jumped 11.8% after posting upbeat second-quarter earnings.

* The second-biggest gainer was Colliers International Group Inc , which rose 7.5%.

* Oil producers Crescent Point Energy Corp and Vermilion Energy Inc were the biggest decliners on the index, down 3.5% and 3%, respectively.

* The most heavily traded shares by volume were Xanadu Mines Limited, Crescent Point Energy Corp , and Suncor Energy Inc .

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

* Across all Canadian issues there were 49 new 52-week highs and five new lows, with total volume of 16.59 million shares.

(Reporting by Amal S in Bengaluru; Editing by Aditya Soni)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COLLIERS INTERNATIONAL GROUP INC. 1.48% 165.21 Delayed Quote.45.84%
CRESCENT POINT ENERGY CORP. 3.49% 5.34 Delayed Quote.79.80%
SLEEP COUNTRY CANADA HOLDINGS INC. -0.31% 35.7 Delayed Quote.34.87%
SUNCOR ENERGY INC. 0.39% 25.59 Delayed Quote.19.86%
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