TSX slips on fears of coronav spreading; gold miners benefit Well some Gold miners did...as Eldorado is still being heavily shorted as per Algowins (57.3% Short worth 10.5 $M):
https://www.algowins.com/?wdt_column_filter%5B1%5D=EGO This 'Ultra short' stage should start to normalize as miners pick up more momentum (as in Frazzeled equity Buyers looking for a safe haven) . BNN shows who did well today;
https://www.bnnbloomberg.ca/gold CANADA STOCKS-TSX slips on fears of coronavirus spreading; gold miners benefit (Adds details, updates prices)
March 5 (Reuters) - Canada's main stock index fell on Thursday, as investors worried over the economic impact of the coronavirus following an increase in the U.S. death toll, while gold miners benefited from safe-haven demand.
* At 9:49 a.m. ET (1449 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 206.48 points, or 1.23%, at 16,573.05.
* Wall Street indexes plunged on Thursday as the U.S. death toll from the virus rose to 11 on Wednesday, following which the country's most populous state, California, declared an emergency.
* Canada's energy sector dropped 2.2% and the financials and industrials sectors fell 1.7% and 1.6%, respectively.
* In a sole bright spot, the materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% on strength in gold and base metal prices.
* On the TSX, 38 issues were higher, while 191 issues declined for a 5.03-to-1 ratio to the downside, with 29.55 million shares traded.
* The largest percentage gainers on the TSX were Novagold Resources, which jumped 2.6%, and Yamana Gold Inc , which rose 2.1%.
* Spin Master Corp fell 36.2%, the most on the TSX, after it said the coronavirus will impact its global operations. The second biggest decliner was Cineplex, down 9.2%.
* The most heavily traded shares by volume were Chinook Energy and Bombardier B.
* The TSX posted one new 52-week high and 12 new lows.
* Across all Canadian issues, there were 19 new 52-week highs and 35 new lows, with total volume of 51.77 million shares.
(Reporting by Ambar Warrick in Bengaluru; Editing by Amy Caren Daniel and Shinjini Ganguli)