Canada’s main stock index rose on Monday as investors looked to an eventual economic recovery from the coronavirus with more countries scaling back lockdown measures.
By midday the the Toronto Stock Exchange’s S&P/TSX composite index was up 168 points at 15,081.
Japan lifted a state of emergency for parts of the country. With areas in Europe and the United States also lifting curbs, investors are increasingly betting on an eventual return to economic normalcy.
Still, trading was subdued on account of a U.S. holiday.
The energy sector climbed 0.6 per cent as crude oil prices held steady. The financials and industrials sectors rose about 0.7 per cent each.
The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.3 per cent as gold and base metal prices retreated.
On the TSX, 157 issues were higher, while 63 issues declined for a 2.49-to-1 ratio favoring gainers, with 12.20 million shares traded.
The largest percentage gainers on the TSX were Hexo Corp , which jumped 27.3 per cent, and Alaris Royalty, which rose 4.9 per cent.
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Alacer Gold Crp fell 2.9 per cent, the most on the TSX, while the second biggest decliner was SSR Mining Inc, down 2.7 per cent.
The most heavily traded shares by volume were Hexo Corp, StageZero Life Science and Green Organic Dutchman Holdings.
The TSX posted three new 52-week highs and no new lows.
Across all Canadian issues there were 19 new 52-week highs and six new lows, with total volume of 25.61 million shares.
© Thomson Reuters 2020