To: Crazy Canuck who wrote (16551 ) 4/5/1999 2:31:00 PM From: Tiger USA Respond to of 37507
TORONTO, April 5 (Reuters) - The Toronto Stock Exchange resumed trading after an unspecified glitch took its trading systems offline for about 2-1/2 hours on Monday, from about 1045 EDT/1445 GMT to 1315 EDT/1715 GMT. After opening 50.09 points higher at 6674.90, the TSE 300 Composite index accelerated its move upward and was trading up 70.62 points, or 1.07 percent, at 6695.43 as of 1330 EDT/1730 GMT. Volume, restrained by the outage and by investors extending their Easter holiday, amounted to 29.1 million shares worth C$411.6 million. Advancing issues edged out decliners 361 to 356, with 268 steady. Despite its best efforts, the TSE 300 was unable to match the headstart in New York. The Dow Jones Industrial Index was tantalizingly close to the 10,000-point mark yet again, trading up 158.45, or 1.61 percent, at 9990.96. ''Interest rates continue to be the key consideration,'' said ScotiaMcLeod Inc. portfolio strategist John McColl. He said that hope for stable rates has created the uptrend in New York, which towed Toronto with it on Monday. But this month's trade is more likely to be range-bound than marked by sharp moves. In Toronto, gains were broadbased with only precious metals and real estate souring the market's mood. The industrial products group added 74.85 points, or 1.47 percent, to 5174.94. Toronto's transportation group was a close second with an increase of 68.10 points, or 1.27 percent, to 5432.28. Active issues included Internet auctioneer Bid.Com International Inc. (Toronto:BII.TO - news), which is often high up in the actives roster. Bid.Com rose C$1.70 to C$16.10 in trade that topped two million shares. Fertilizer firm Agrium Inc. (Toronto:AGU.TO - news) was off C$0.15 at C$13.85 in trade of 1.15 million shares. ($1=$1.50 Canadian)