TORONTO股市创单日跌幅之最

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TORONTO股市创单日跌幅之最
, [4 M$ K# x# X; i2 f据EDMONTON SUN报道， 今日油价下跌5% 到58.68$, 股市下跌261点，创单日跌副之最
$ }& _" Z  U9 u9 U$ j+ wTSX index tumbles 261 points on falling resource stocks; Dow hits record high
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" A& ]1 n' }+ ~0 n+ ]$ `# o9 o& qBy MALCOLM MORRISON

. v9 _2 H% j* @9 E3 e7 I2006-10-03 20:44:00
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TORONTO (CP) - A slide of almost four per cent in the price of crude oil on rising supply and diminishing demand helped send Canada's main stock index tumbling more than 250 points Tuesday, while Wall Street's blue-chip benchmark hit a record high.

"The story (on the TSX) is energy and materials - that is what's driving the index," said Ian Filderman at Scotiabank wealth management.
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"And I think that's coming from a view of continuing weakness in the U.S. economy and what that's going to mean for global growth, for demand for commodities, for earnings going forward."

Toronto's resource-heavy S&P/TSX composite index fell 261.26 points to 11,526.13, also pressured by drops in mining stocks as the price of gold fell more than US$20 an ounce.
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But lower energy prices helped power New York indexes higher as the Dow Jones industrial average set new records for closing and intraday highs.
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  r! y- [: V' P- Y( B* OThe Dow closed up 56.99 points to 11,727.34 after going as high as 11,758.95, surging past its all-time trading high of 11,750.28 and its previous closing high of 11,722.98, both set in mid-January 2000.

The TSX energy sector lost 5.25 per cent as the November crude-oil contract on the New York Mercantile Exchange fell $2.35 to US$58.68 a barrel - the lowest level since July 2005 - amid easing supply concerns. That followed a decline of almost US$2 a barrel Monday. West Texas Intermed fell $2.36 to US$58.68.

Analysts said the next major technical support level for oil is around US$55.
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+ T0 Z. G* Z" T7 M" P9 E  p( HOn the TSX, EnCana Corp. (TSX:ECA) fell C$2.90 to $49.09 - about $20 below its 52-week high - while Suncor Energy Inc. (TSX:SU) lost $4.46 to $73.89.

Merrill Lynch downgraded the energy sector to "underweight" due to eroding profits, while Lehman cut and oil and gas sector to "negative" and CIBC World Markets advised a portfolio shift out of energy stocks into the banks.

' i9 S  h6 m* gThe Canadian dollar was down 0.58 cent to 89.09 cents US, while the TSX Venture Exchange declined 90.67 points to 2,363.14.
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The Nasdaq composite index was ahead 6.05 points to 2,243.65 and the S&P 500 index rose 2.79 points to 1,334.11.

Tuesday's TSX setback followed a 2.5 per cent decline during September, led by a 10 per cent drop in the energy sector.

! S2 U3 i6 K+ I7 I% E: s* A0 _. p5 T5 LAnalysts see little immediate prospect of a revival in oil prices, which are down dramatically from a record-high US$78.40 in mid-July.

Since then, worries about Iran have receded, the Gulf of Mexico hurricane season has been a non-event and demand has slackened for oil and other commodities.

- u( y) M2 x: Q" m* Z"While demand growth has decelerated meaningfully, commodity supplies are rising in lagged response to the earlier record-high energy and base metals prices," said BMO Nesbitt Burns senior economist Bart Melek.
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$ |. m5 ~7 ~  X9 m, M' r3 H. h"Inventories are mounting not only in natural gas, but for steel and copper as well."
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7 }1 _8 V0 k0 hFalling gold stocks also weighed on the TSX as the recent easing of geopolitical concerns also helped take the December bullion contract in New York down $21.80 to US$581.50 an ounce, its weakest closing since mid-June.

2 {. Y5 |- O$ l0 wThe TSX gold sector was down 6.7 per cent. Kinross Gold Corp. (TSX:K) declined C$1.02 to $12.96 and Barrick Gold Corp. (TSX:ABX) gave back $2.64 to $31.96
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The mining sector fell 2.45 per cent as the December copper contract on the Nymex retreated 14.7 cents to US$3.282 a pound. Aur Resources Inc. (TSX:AUR) lost C$1.36 to $16.48 while Teck Cominco Ltd. (TSX:TCK.B) retreated $2 to $67.50.

Outside the resource sectors, Nortel Networks Corp. (TSX:NT) was down 12 cents to $2.45 as the tech sector moved back 0.7 per cent, and the financial sector was off 0.6 per cent as Manulife Financial dipped 26 cents to $36.20.

On the TSX, declines beat advances 1,101 to 479 with 166 unchanged.
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In Canadian corporate news, the Harlequin romance-novel subsidiary of Torstar (TSX:TS.B) will cut four per cent of its workforce as part of restructuring expected to save $3 million a year. Torstar shares moved down 15 cents to $19.49.

# R6 y  Q' k/ w! ^Alcan Inc. (TSX:AL) said it intends to buy back up to five per cent of its 376 million shares, citing a "strong financial performance and balance sheet strength." But its shares lost 90 cents to $44.50.

: o6 c& ?9 d+ M9 a- j# ?" MIn the United States, Pepsi Bottling Group Inc. topped estimates as quarterly earnings rose one per cent to US$207 million. Its shares edged 33 cents higher to US$64.66.
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: f4 _) ~8 D+ v+ q* R1 ?Toronto market volume was 352.4 million shares worth C$6.3 billion.