2 Minutes by Reuters Staff Read this article (Updates prices, sectors) Reuters, July 5 – Concerns about an increase in coronavirus infections around the world caused investors to hold off on trades on Monday, while Brookfield Business Partners jumped after announcing a $3.4 billion takeover of a U.S.-based auto parts manufacturer. Brookfield Business Partners LP rose 2% after announcing that it would pay $3.4 billion to buy DexKo Global Inc, a U.S. auto parts manufacturer, from private equity firm KPS Capital Partners LP. The Toronto Stock Exchange’s S&P/TSX composite index was down 13.86 points, or 0.07 percent, at 20,212.25 at 9:49 a.m. ET (13:49 GMT). * Even though U.S. crude prices were up 0.2 percent a barrel and Brent crude was up 0.2 percent, the energy sector fell 0.2 percent. * The financial services industry has remained unchanged. The industrials sector lost 0.1 percent of its value. * As gold futures rose 0.5 percent to $1,791.5 an ounce, the materials sector, which includes precious and base metals miners and fertilizer companies, gained 0.2 percent. With 10.00 million shares traded on the TSX, 94 issues were higher and 123 issues were lower, for a 1.31-to-1 ratio to the downside. Cascades Inc. gained 5.9% and Fairfax Financial Holdings gained 4.3 percent, respectively, on the TSX. Interfor Corp fell 2.2 percent , the most on the TSX, while the second biggest decliner was West Fraser Timber Co , down 2.0 percent .* The most heavily traded shares by volume were Toronto Dominion Bank, Goldgroup Mining and Bombardier .* The TSX posted eight new 52-week highs and no new lows.* With a total volume of 23.61 million shares, there were 70 new 52-week highs and six new lows across all Canadian issues. Shashank Nayar contributed reporting from Bengaluru, and Franklin Paul edited the piece./n
Read More
