CANADA STOCKS-TSX hits record high as commodities bounce back
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Aug 10 (Reuters) – Canada’s main stock index rose to a record high on Tuesday, as heavyweight energy and mining sectors bounced back from steep losses, although investors remained on edge due to rising COVID-19 cases worldwide.
* At 9:38 a.m. ET (13:38 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 85.57 points, or 0.42%, at a record high of 20,522.99.
* The energy sector jumped 1.7% after tumbling more than 2% on Monday, with oil prices rising on signs of strong demand in Europe and the United States, despite higher coronavirus cases in Asian importer-nations.
* The materials sector, which includes precious and base metals miners and fertilizer companies, rose 0.5% after marking its worst day in three weeks, as concerns over Chilean supply supported copper prices, and precious metal prices stabilized.
* Still, concerns over rising virus cases saw investors piling on technology stocks, which rose 1.1%. The sector has proven to be resilient to virus-related disruptions over the past year.
* On the TSX, 139 issues were higher, while 82 issues declined for a 1.70-to-1 ratio favouring gainers, with 16.10 million shares traded.
* The largest percentage gainer on the TSX was Nuvei Corp , which jumped 14.3% after the payment services provider delivered better-than-expected quarterly numbers.
* Transalta Renewables fell 5.8%, the most on the TSX, while the second-biggest decliner was Centerra Gold , down 2%.
* The most heavily traded shares by volume were Enbridge Inc , Manulife Finl, and Nevada Copper.
* The TSX posted 8 new 52-week highs and 4 new lows.
* Across all Canadian issues there were 57 new 52-week highs and 18 new lows, with total volume of 26.96 million shares.
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