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TSX Recovers After Sharp Plunge, Ends Slightly Weak

(RTTNews) - After plunging sharply in early trades on Monday, the Canadian stock market recovered gradually but still ended the day's session in negative territory.

Fears about the economic impact of rapidly spreading coronavirus infections and fresh lockdowns in several countries across the world sent stock prices tumbling. Falling crude oil prices also weighed down the market.

The benchmark S&P/TSX Composite Index, which plunged nearly 230 points to 17,500.89 in early trades, ended the day with a loss of 33.74 points or 0.19% at 17,500.89, slightly off the session's low.

Energy, healthcare and real estate stocks were the major losers. Information technology stocks posted gains. A few stocks from materials section too moved higher, while financial, consumer discretionary and industrial shares ended mixed.

The Capped Energy Index drifted down 2.67%. Enerplus tumbled 7.2%. Vermilion Energy (VET.TO), MEG Energy (MEG.TO) and Crescent Point Energy (CPG.TO) lost 6 to 7%.
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