(Reuters) – Canada’s main stock index rose on Thursday after falling in the previous session, led by a rebound in commodities and financials, although the energy sector extended its decline due to the falling oil prices.
* At 10:55 a.m. ET (2:55 p.m. GMT), the Toronto Stock Exchange’s S & P / TSX Composite Index rose 92.59 points, or 0.59%, to 15,679.16. The index fell 2.7% in the previous session on concerns of a second wave of coronavirus infections.
* Nine of the top 11 sectors in the index were higher, led by commodities and financials, which gained more than 1% each.
* The energy sector fell 1.4% as US crude prices fell 3.6% per barrel, while Brent fell 3.4%. [O/R]
* Cenovus Energy Inc reported its third consecutive quarterly loss, just days after news of the takeover of rival Husky Energy Inc was announced, as the oil crash caused by the pandemic continues to weigh on the oil industry.
* On the TSX, 178 issues were higher, while 43 issues declined for a 4.14 to 1 ratio in favor of winners, with 70.78 million shares traded.
* The biggest percentage gains on the TSX were Alamos Gold Inc, which jumped 11.9% after third-quarter profits exceeded estimates, and Teck Resources Ltd, which rose 5%.
* OceanaGold Corp fell 8.1%, the most on the TSX, after reporting a higher quarterly loss.
* The most traded stocks by volume were Husky Energy Inc, Cenovus Energy Inc and Suncor Energy Inc.
* The TSX posted a new 52 week high and a new low.
* Across all Canadian issues, there were two new 52-week highs and 15 new lows, for a total volume of 117.34 million shares.
Report by Shivani Kumaresan in Bengaluru; Edited by Devika Syamnath