October 15, 2019 / 2:17 PM / a month ago

CANADA STOCKS-Upbeat third-quarter results from Aphria, Wesdome pushes TSX higher

Oct 15 (Reuters) - Canada’s main stock index rose on Tuesday, led by gains in the shares of cannabis company Aphria and miner Wesdome Gold following their upbeat quarterly results.

* At 19:10 a.m. ET (13:40 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 30.89 points, or 0.19%, at 16,446.05.

* Aphria Inc jumped 14.8%, the most on the benchmark index after the cannabis company posted a surprise quarterly profit.

* Aphria helped the healthcare sector gain 2.5%, the most among 11 major sectors.

* Shares of Aphria, along with pot companies Aurora Cannabis and Hexo Corp were among the most heavily traded by volume.

* Meanwhile, Wesdome Gold Mines Ltd climbed 5.5% after the mining company lifted its full-year gold production target.

* The heavyweight financials sector gained 0.6% as Wall Street lender JPMorgan Chase & Co posted a solid quarterly profit beat.

* The energy sector dropped 1.1% as U.S. crude prices were down 0.5% a barrel, while Brent crude fell 0.4%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.5% as gold futures fell 0.4% to $1,485.6 an ounce.

* Alamos Gold fell 7.6%, the most on the TSX followed by Oceanagold Corp, which lost 6.9%.

* On the TSX, 118 issues were higher, while 106 issues fell for a 1.11-to-1 ratio favouring gainers, with 15.80 million shares traded.

* The TSX posted one new 52-week high and four new lows.

* Across all Canadian issues, there were four new 52-week highs and 13 new lows, with total volume of 26.90 million shares. (Reporting by Susan Mathew in Bengaluru;)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below