June 24, 2020 / 2:19 PM / 17 days ago

CANADA STOCKS-TSX drops on worries over fresh virus wave, rising oil stocks

June 24 (Reuters) - Canada's main stock index retreated on Wednesday, led by energy shares, as worries about another wave of coronavirus infections and record-high oil inventories weighed on the prices of the commodity.

* The rising number of coronavirus cases in the United States, China, Latin America and India has raised concerns among investors that it could derail the global economic recovery.

* The energy sector dropped 2.1% as U.S. crude prices were down 1.4% a barrel, while Brent crude lost 1.5%.

* At 9:46 a.m. ET (13:46 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 101.42 points, or 0.65%, at 15,463.33.

* The financials sector slipped 1%, while the industrials sector fell 0.7%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.5% as gold futures fell 0.1% to $1,770.8 an ounce.

* On the TSX, 41 issues were higher, while 177 issues declined for a 4.32-to-1 ratio to the downside, with 18.04 million shares traded.

* The largest percentage gainers on the TSX were Aurora Cannabis Inc, which jumped 3.5% after a Stifel upgrade and Torex Gold Resources Inc, which rose 2.4% after TD Securities started coverage with a "buy" rating and C$30 target price.

* First Quantum Minerals Ltd, which fell by 3.9%, and Crescent Point Energy Corp, which shed 3.8%, were the biggest drags on the index.

* The most heavily-traded shares by volume were Bonavista Energy Corp, down 14.3%, Bombardier Inc, down 2.2% and Baytex Energy Corp, down 3%.

* The TSX posted no new 52-week highs and no new lows.

* Across all Canadian issues, there were six new 52-week highs and three new lows, with a total trading volume of 40.29 million shares. (Reporting by Amal S in Bengaluru; Editing by Ramakrishnan M.)

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