Advertisement
TSX Ends Marginally Up
(RTTNews) - The Canadian market ended slightly up on Friday after a somewhat lackluster session, as investors stayed cautious amid fears of interest rate hikes, and on concerns about the health of the Chinese economy.
The benchmark S&P/TSX Composite Index, which fell to 19,683.85 in early trades, ended the day with a small gain of 6.16 points or 0.03% at 19,818.39. The index shed about 2.9% in the week.
Energy, healthcare and utilities shares found support. Shares from the rest of the sectors closed on a mixed note.
Energy stocks Spartan Delta Corp (SDE.TO), Pason Systems (PSI.TO), Baytex Energy (BTE.TO), Canadian Natural Resources (CNQ.TO), Advantage Oil & Gas (AAV.TO), Suncor Energy (SU.TO) and Imperial Oil (IMO.TO) gained 1.3 to 2.7%.
Northland Power (NPI.TO), up 5.3%, was the top gainer in the Utilities Index. Emera Inc (EMA.TO), Boralex Inc (BLX.TO), Transalta Corp (TA.TO) and Innergex Renewable (INE.TO), up 1.4 to 2%, were the other major gainers in the sector.
On the economic front, data from Statistics Canada showed industrial producer prices in Canada rose by 0.4% over the previous month in July, rebounding from the 0.6% decline in the previous month. Producer prices in Canada decreased 2.7% in July over the same month in the previous year.
Meanwhile, raw materials prices increased in July, the data showed. The Raw Materials Price Index rose by 3.5% in the month, after an upwardly revised 2% fall in June. Year-on-year, raw materials prices plunged 11.1% in July.
Indonesia Stock Market Due For Consolidation
Hong Kong Shares May Open Under Pressure
Rally May Stall For China Stock Market
Australian Market Modestly Lower
Soft Start Anticipated For Taiwan Stock Market
Singapore GDP Jumps 5.6% In Q2
Japan Core Machinery Orders Sink 0.6% In May
