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Fortis Class G Preference falls in 4 out of last 5 days March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets


Fortis Inc. (TSX:FTS.PR.G), Canada's 22nd largest Utilities - regulated company by market cap, has decreased 16.0c (0.8%) to close at CAD20.0. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the day, the relative price change was -2.0%. The fall was exacerbated by firm volume of 1.2 times the average daily volume of 9,238 preference shares. The preference stock fell in four out of the last 5 trading days, for a 5-day fall of 3.0%.