June 26, 2020 / 2:18 PM / 17 days ago

CANADA STOCKS-TSX slips as energy stocks fall on virus concerns

June 26 (Reuters) - Canada’s main stock index fell on Friday, dragged down by the energy sector as concerns about rising coronavirus cases in the United States and China dented hopes for fuel demand recovery.

* Fears linger that a spike in COVID-19 infections in southern U.S. states could stall the demand recovery, as they are among the biggest gasoline consumers.

* The energy sector dropped 1.1% as U.S. crude prices fell 0.4% a barrel, however Brent crude added 0.2%.

* At 9:39 a.m. ET (13:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 69.57 points, or 0.45%, at 15,376.57.

* The financials sector slipped 1%, while the industrials sector rose 0.1%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.3% even though gold futures rose 0.2% to $1,764.7 an ounce.

* On the TSX, 53 issues were higher, while 162 issues declined for a 3.06-to-1 ratio in favor of the losers, with 12.04 million shares traded.

* The largest percentage gainer on the TSX was SEMAFO Inc , which jumped 1.5% after Endeavour Mining Corp received clearance for its acquisition of SEMAFO.

* It was followed by BRP Inc, which rose 1.5%.

* Corus Entertainment Inc fell 8.6%, the most on the TSX, after the company missed Q3 earnings, followed by Knight Therapeutics Inc, which lost 3.6% after the pharma company reported disappointing Q1 results.

* The most heavily traded shares by volume were Freegold Ventures Ltd, down 8%; Nutrien Ltd, down 0.7% and Canadian Imperial Bank of Commerce, down 1.1%.

* The TSX posted one new 52-week high and no new low.

* Across all Canadian issues, there were seven new 52-week highs and one new low, with total volume of 25.81 million shares. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)

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