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Oil & gas - services sector keeps rising: up 14.8% in 9 days

Jan 09, 2019 - News Bites Canadian Markets


The Oil & gas - services sector extended its gains Wednesday, rising an additional 27.0 points (or 3.3%) to close at 855.0. The sector has soared 110.4 points (or 14.8%) over the past nine trading days. Compared with the S&P/TSX 60 index which soared 57.8 points (or 7.0%) in the nine days, this represented a relative price increase of 7.8%.

Market capitalization of the Oil & gas - services sector rose 3.3% or CAD373 million (US$281.9 million) to CAD11.8 bi...