TSX rises 0.31 percent, lifted by Enbridge
NEW YORK (Reuters) - - The Toronto Stock Exchange's S&P/TSX (.GSPTSE) rose 48.69 points, or 0.31 percent, to 15,959.50.
- The biggest contributor to the TSX gain was Enbridge (Toronto:ENB.TO - News), up 1.9 percent, to add 9.45 net index points after the pipeline company posted quarterly results and said it may sell more assets this year. Materials (.GSPTTMT) was the top sector contributor with a 15 net points boost.
- Leading the index were Great Canadian Gaming Corp (Toronto:GC.TO - News), up 26.7 percent, Pan American Silver Corp (Toronto:PAAS.TO - News), up 9.9 percent, and Stars Group Inc (Toronto:TSGI.TO - News), higher by 9.5 percent.
- Lagging shares were Cascades Inc (Toronto:CAS.TO - News), down 7.6 percent, Paramount Resources Ltd(Toronto:POU.TO - News), down 7.4 percent, and Open Text Corp (Toronto:OTEX.TO - News), lower by 6.3 percent.
- On the TSX, 144 issues advanced and 100 declined as a 1.4-to-1 ratio favored advancers. There were 17 new highs and 4 new lows, with total volume of 224.5 million shares.
- The most heavily traded shares by volume were Canadian Natural Resources Ltd (Toronto:CNQ.TO - News), Baytex Energy Corp (Toronto:BTE.TO - News) and Enbridge Inc (Toronto:ENB.TO - News).
- The TSX's energy group (.SPTTEN) rose 0.01 points, or 0.00 percent, while the financials sector (.SPTTFS) climbed 0.75 points, or 0.25 percent.
- West Texas Intermediate crude futures rose 0.35 percent, or $0.25, to $71.39 a barrel. Brent crude rose 0.27 percent, or $0.21, to $77.42 [O/R]
- The TSX is off 1.5 percent for the year.
(Reporting by Chuck Mikolajczak)