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Stockhouse @ the Bell: TSX up on China manufacturing

Stockhouse Editorial
0 Comments| November 22, 2012


Today in the markets 

U.S. markets were closed Thursday for Thanksgiving. 

Canada’s main index climbed to better than a one-week high, powered by Research in Motion and the positive impact of the Chinese manufacturing data. 

The S&P/TSX Composite Index rose 53.04 points to 12,153.10, while the TSX Venture Exchange gained 5.70 points to close at 1,248.36. 

Active stocks included Research In Motion Ltd. (TSX: T.RIM, Stock Forum) (NASDAQ: RIMM, Stock Forum), which jumped 17.3% to $12 after National Bank of Canada (TSX: T.NA, Stock Forum) analyst Kris Thompson hiked his target on RIM shares to $15 from $12. RIM unveils its new line of smart phones on January 30.

Earlier this week, analyst Peter Misek at Jefferies & Co. doubled his share target to US$10, saying he has been seeing better-than-expected support from carriers.

Copper rallied in the wake of the China manufacturing data, pushing First Quantum Minerals Ltd. (TSX: T.FM, Stock Forum) up 1.6% to $21.92, while Teck Resources Ltd. (TSX: T.TCK.A, Stock Forum) (TSK: T.TCK.B, Stock Forum) (NYSE: TCK, Stock Forum)  rose 2.6% to $32.59..

For news about small stocks that made big moves in Thursday’s trading, please read the

Stockhouse Canadian Small and Micro-cap Stock Report


Tags: INDUSTRIAL METALS & MINERALS COMMUNICATION EQUIPMENT STOCKS CANADA

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