Xinhua, Toronto :
Canada’s main stock market in Toronto reached its highest point since April 2015 on Thursday, as gold prices rallying for a second straight day contributed.
The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite climbed 61.02 points, or 0.40 percent, to end the day at 15,422.12 points. Eight of the ten sub-sectors finished the session ahead.
The TSX Materials group surged for a second straight day, gaining 3.62 percent. Over the last two days, the group which consists of producers of gold, precious metals and raw materials has ascended 7.00 percent. On Thursday, the spot price of gold moved up 1.40 percent to 1157.70 U.S. dollars an ounce, while the same weight of silver saw a 0.91 percent increase to 16.12 U.S. dollars.
As a result of the rising prices, eight of the top ten most actively traded stocks during the session were Materials group members. Topping the list was Vancouver-based B2Gold Corp., which led the way with more than 7.7 million shares exchanged, with the stock soaring 11.44 percent to 3.41 Canadian dollars (2.52 U.S. dollars). Toronto-based Yamana Gold Inc. had the second highest volume of nearly 5.8 million and closed the day at 4.01 Canadian dollars (2.97 U.S. dollars) a share, a 7.80 percent surge.
Group members that also saw sizable growth on the day included: OceanaGold Corporation (9.14 percent), Silver Wheaton Corp. (9.02 percent), IAMGOLD Corporation (8.87 percent), and Semafo Inc. (8.53 percent).
Health Care rose 1.79 percent, as shares of Laval-based drugmaker ProMetic Life Sciences Inc. shot up 7.91 percent to 1.91 Canadian dollars (1.41 U.S. dollars).
Other groups to finish the day higher were: Utilities (0.75 percent), Consumer Staples (0.68 percent), Telecommunications (0.52 percent), Information Technology (0.28 percent), Consumer Discretionary (0.16 percent), Industrials (0.08 percent).
Canada’s main stock market in Toronto reached its highest point since April 2015 on Thursday, as gold prices rallying for a second straight day contributed.
The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite climbed 61.02 points, or 0.40 percent, to end the day at 15,422.12 points. Eight of the ten sub-sectors finished the session ahead.
The TSX Materials group surged for a second straight day, gaining 3.62 percent. Over the last two days, the group which consists of producers of gold, precious metals and raw materials has ascended 7.00 percent. On Thursday, the spot price of gold moved up 1.40 percent to 1157.70 U.S. dollars an ounce, while the same weight of silver saw a 0.91 percent increase to 16.12 U.S. dollars.
As a result of the rising prices, eight of the top ten most actively traded stocks during the session were Materials group members. Topping the list was Vancouver-based B2Gold Corp., which led the way with more than 7.7 million shares exchanged, with the stock soaring 11.44 percent to 3.41 Canadian dollars (2.52 U.S. dollars). Toronto-based Yamana Gold Inc. had the second highest volume of nearly 5.8 million and closed the day at 4.01 Canadian dollars (2.97 U.S. dollars) a share, a 7.80 percent surge.
Group members that also saw sizable growth on the day included: OceanaGold Corporation (9.14 percent), Silver Wheaton Corp. (9.02 percent), IAMGOLD Corporation (8.87 percent), and Semafo Inc. (8.53 percent).
Health Care rose 1.79 percent, as shares of Laval-based drugmaker ProMetic Life Sciences Inc. shot up 7.91 percent to 1.91 Canadian dollars (1.41 U.S. dollars).
Other groups to finish the day higher were: Utilities (0.75 percent), Consumer Staples (0.68 percent), Telecommunications (0.52 percent), Information Technology (0.28 percent), Consumer Discretionary (0.16 percent), Industrials (0.08 percent).
