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Stockhouse @ the Bell: Stocks up despite Ukraine crisis concerns, Potash (T.POT) speculation

Stockhouse Editorial
0 Comments| April 15, 2014


TORONTO _ The Toronto stock market closed with a small gain amid concerns about China's growth and worsening tension between Ukraine and Russia.

The S&P/TSX composite index climbed 19.49 points to 14,303.92. The Canadian dollar was down 0.2 of a cent to 91.1 cents US.

New York indexes closed higher as the Dow Jones industrials gained 89.32 points to 16,262.56, while the Nasdaq rose 11.47 points to 4,034.16 and the S&P 500 index finished up 12.37 points at 1,842.98.

Worries about the Ukraine crisis deepened amid the government's first military action since the country's acting president announced an ``anti-terrorist operation'' against separatists who have seized control of numerous buildings in the east of the country.

Concerns about China also weighed as data showed a tightening of credit growth. Money supply growth was up in March at the slowest pace in 17 years.

And that slowing in credit growth raised fresh worries about economic growth in the world's second-biggest economy. Official growth figures for China will be released Wednesday.

Shares in Potash Corp. of Saskatchewan (TSX: T.POT, Stock Forum) rose following a report in the Globe and Mail newspaper about a potential bid from BHP Billiton Ltd. (NYSE: BHP, Stock Forum).

Potash Corp. shares rose 3.3% to $38.30 on Tuesday, leaving a market cap of $32.6 billion, based on 851.6 million shares outstanding. The 52-week range is $45.13 and $29.67

For news about small stocks that made big moves in Tuesday’s trading, please read the
Stockhouse Canadian Small and Micro-cap Stock Report


Tags: AGRICULTURAL INPUTS AGRICULTURE

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