Nov 11 (Reuters) – Canada’s main stock index rose on Wednesday, boosted by energy stocks, as hopes of a working COVID-19 vaccine and a $1.66 billion buyout deal for Great Canadian Gaming lifted sentiment.
* Great Canadian Gaming Corp surged 34.9% after the company said Apollo Global Management would acquire the firm for about C$2.16 billion ($1.66 billion).
* Pfizer Inc said on Monday its COVID-19 vaccine candidate, developed with BioNTech, showed a 90% success rate in preventing infection during trials.
* The energy sector climbed 2% as crude prices jumped about 3% also supported by an industry report showing U.S.
crude inventories fell more than expected.
* At 9:40 a.m. ET (1440 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 106.54 points, or 0.64%, at 16,721.91.
* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.6% as gold futures fell 1% to $1,857.3 an ounce.
* Linamar Corp rose 11.5% and was among the top percentage gainers after multiple brokerages turned bullish on auto parts maker’s stock.
* On the TSX, 155 issues were higher, while 62 issues declined for a 2.50-to-1 ratio favouring gainers, with 18.63 million shares traded.
* Aurora Cannabis Inc fell 18.1%, the most on the TSX, after brokerage Stifel downgraded the pot producer’s stock to “sell” from “hold”.
* The most heavily traded shares by volume were Aurora Cannabis, Bombardier Inc, and B2gold Corp.
* The TSX posted three new 52-week highs and no new low.
* Across all Canadian issues there were 17 new 52-week highs and one new low, with total volume of 33.59 million shares.
(Reporting by Amal S in Bengaluru; Editing by Amy Caren Daniel)
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