|Delayed - 01/20 11:38:32 am|
TSX rises as energy stocks gain on COVID-19 vaccine progress
|11/23/2020 | 10:04am|
Nov 23 (Reuters) - The energy sector drove Canada's main stock index higher on Monday, as more signs of progress in developing a COVID-19 vaccine bolstered hopes of an economic revival and lifted oil prices.
* The energy sector climbed 2.1% as U.S. crude prices were up 1.0% a barrel while Brent crude added 1.4%.
* At 9:34 a.m. ET (14:34 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 40.82 points, or 0.24%, at 17,059.92.
* AstraZeneca said its COVID-19 vaccine could be around 90% effective, while a top official of U.S. government's vaccine development effort said the country's health regulator is likely to approve the distribution of Pfizer and BioNTech's shot in mid-December.
* The largest percentage gainers on the TSX were oil producers Enerplus Corp, which jumped 4.3%, and Whitecap Resources Inc, which rose 4.1%.
* Canada's wholesale trade in October likely increased by 0.9%, after rising 0.9% in September, Statscan said in a flash estimate.
* The financials sector gained 0.7%. The industrials sector rose 0.2%.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.8%.
* On the TSX, 143 issues were higher, while 71 issues declined for a 2.01-to-1 ratio favoring gainers, with 19.70 million shares traded.
* Miner Pan American Silver Corp fell 2.5%, the most on the TSX, and the second-biggest decliner was New Gold Inc, down 2.5%.
* The most heavily traded shares by volume were Manulife Financial Corp, Sun Life Financial Inc, and Bombardier Inc.
* The TSX posted three new 52-week highs and no new lows.
* Across all Canadian issues there were 45 new 52-week highs and two new lows, with total volume of 31.80 million shares. (Reporting by Amal S in Bengaluru; Editing by Aditya Soni)