CANADA STOCKS-TSX falls off record high as oil slump hits energy stocks

Australian dollars in Sydney, Friday, Jan. 15, 2016. (AAP Image/Joel Carrett) NO ARCHIVING

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Aug 9 (Reuters) – Canada’s main stock index fell from record highs on Monday, with the heavyweight energy sector leading losses as rising COVID-19 cases stoked concerns over crude demand, driving oil prices 4% lower.

* At 9:40 a.m. ET (13:40 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 94.4 points, or 0.46%, at 20,381.02.

* The energy sector dropped 1.9% as oil prices plummeted on concerns that rising COVID-19 cases, particularly in major importer China, could lead to new restrictions and dent fuel demand.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 1% as concerns over Chinese demand hit base metal prices, while a rising dollar hurt precious metals.

* Defensive sectors such as real estate and consumer staples were among the few gainers.

* The financials sector slipped 0.3%. The industrials sector fell 0.1%.

* On the TSX, 50 issues advanced, while 178 issues declined in a 3.56-to-1 ratio favoring losers, with 19.35 million shares traded.

* The largest percentage gainer on the TSX was WPT Industrial Real Estate Investment Trust, which jumped 15.1% after private equity firm Blackstone agreed to buy the company for $1.86 billion.

* Westport Fuel fell 7.0%, the most on the TSX, while the second biggest decliner was Lightspeed Pos Inc , down 6.3%.

* The most heavily traded shares by volume were Enbridge Inc , Manulife Financial and Bombardier Inc .

* The TSX posted four new 52-week highs and three new lows.

* Across Canadian issues, there were 48 new 52-week highs and 11 new lows, with total volume of 34.68 million shares.

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