TSX drops as concerns over jump in COVID-19 infections weigh

·2 min read
The facade of the original Toronto Stock Exchange building is seen in Toronto

(Reuters) - Canada's main stock index fell on Monday as concerns over a rise in coronavirus infections globally led investors hold back on trades, while Brookfield Business Partners jumped after it announced the takeover of a U.S. based car parts maker for $3.4 billion.

Brookfield Business Partners LP rose 2% after it said it would acquire U.S. car parts maker DexKo Global Inc from private equity firm KPS Capital Partners LP for $3.4 billion.

* At 9:49 a.m. ET (13:49 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 13.86 points, or 0.07%, at 20,212.25.

* The energy sector dropped 0.2% even as U.S. crude prices were up 0.2% a barrel, while Brent crude added 0.2%. [O/R]

* The financials sector remain unchanged. The industrials sector fell 0.1%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% as gold futures rose 0.5% to $1,791.5 an ounce. [GOL/] [MET/L]

* On the TSX, 94 issues were higher, while 123 issues declined for a 1.31-to-1 ratio to the downside, with 10.00 million shares traded.

* The largest percentage gainers on the TSX were Cascades Inc, which jumped 5.9% and Fairfax Financial Holdings, which rose 4.3%.

* Interfor Corp fell 2.2%, the most on the TSX, while the second biggest decliner was West Fraser Timber Co, down 2.0%.

* 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.

* Across all Canadian issues there were 70 new 52-week highs and six new lows, with total volume of 23.61 million shares.

(Reporting by Shashank Nayar in Bengaluru, Editing by Franklin Paul)

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