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Despite Pullback in Certain Oil Sands Stocks, TSX is Up
Dec. 10, 2012 11:44AM PST
Oil and Gas InvestingThe Toronto stock market was higher as positive Chinese data lifted commodity prices and mining stocks and the energy sector progressed following Friday’s announcement clarifying takeovers by foreign state-owned energy companies.
The Toronto stock market was higher as positive Chinese data lifted commodity prices and mining stocks and the energy sector progressed following Friday’s announcement clarifying takeovers by foreign state-owned energy companies.
Highlights from the market news:
- S&P/TSX composite index gained 33.42 points to 12,193.01 while the TSX Venture Exchange climbed 0.19 of a point to 1,186.25.
- The Dow Jones industrials were up 15.32 points to 13,170.45, the Nasdaq gained 5.75 points to 2,983.79 while the S&P 500 index dipped 0.48 of a point to 1,417.59
- Nexen shot up 14.17 per cent to $26.59 while Progress shares jumped 13.4 per cent to $21.96