TORONTO (Reuters) - the main stock index closed lower on Monday, Toronto after having hit a maximum of three weeks earlier in the day, as oil and gas stocks erased gains and the death of Osama Ben Laden Boutilimit some refuge of Gold Premium.
The global group of materials, or minors, was decreased by 2.05%, while the subindexes for gold was off 2.69%.
Gold miners were hard: record price of gold fell off as Osama bin Laden death eroded their appeal for refuge. Goldcorp has been the greatest heavyweight decliner, down 5.24% to C$ 50.12, followed by Barrick Gold, which fell by 2.24% to C$ 47.24. Agnico Eagle went 3.84% to complete to C$ 63.39.
Stocks of energy ending on the day off the coast of 0.01%. They shadowed the movement of the price of oil, fighting through the session as investors weighed the consequences of death Osama bin Laden on futures gross. One of the largest are, Imperial Oil, fell from 1.14% to C$ 49.43.
"It seems that the market does pitch very well how to take the death of bin Laden," said Laura Lau, Manager of senior portfolio at Sentry Select Capital Corp..
"Immediately the bat oil was on the ground, and then it went up, and then it has dropped again, so that they are not quite sure if it is good or bad." What we would expect is that probably will take reprisals from terrorists to death. Because of this, we can certainly expect added political risk, "she said."
S & P/TSX of the Toronto Stock Exchange composite index ended the next day, 10.28 points, or 0.07% to 13,934.51 amounting to more than 1% high as 14,089.10, its the highest level since April 11, early in the day. Eight of the ten sectors of the index are higher.
Financial stocks, which represent approximately one third of the weight of the index, are student at 0.81%.
The increase was led by the Manulife Financial, including 3% of the peak of $ 17.50 C, and the Bank of Nova Scotia, which was 1.23 per cent to C$ 58.40.
Monday was the day of polling in the Canada but the vote has been overshadowed by the news of bin Laden. Toronto stocks had traded cautiously in the last week before the vote, with analysts of the awarding of the retirement of distrust inspired by the thrust of the new party democratic left in public opinion polls.
The center-right conservatives, who ruled the Canada since early 2006, began the campaign with a healthy lead in opinion polls, but which is reduced as the NDP has pushed past the Liberals to take a strong second place.
"It is certainly more worrying if the NDP would become the official opposition." We would certainly concerned by increased expenditures and increased taxation, "said Lau,." adding that energy stocks could fall focus because of the possibility of environmental costs
(Editing by Peter Galloway)
没有评论:
发表评论