Investor Ideas' TSX Stocks to Watch: Monday's Trading Leaders
November 29, 2011 - Investorideas.com, a leader in sector research for independent investors issues a trading alert for TSX trading leaders for November 28, 2011. The Standard & Poor's/TSX Composite Index bounced back 178.15 points (1.55%) to close the day at 11,640.21.
CANMARC REIT (TSX:CMQ.UN) was the top traded stock on the TSX and ended higher by 2.52 (18.98%) to C$5.80 with more than 8.06 million shares exchanged hands, compared to its average volume of 175K shares. Cominar Real Estate Investment Trust, is planning to create Canada's second-largest diversified property portfolio, has offered to buy Canmarc REIT in a hostile bid that values its rival at C$838 million ($800.4 million).
Hathor Exploration Limited (TSX: HAT) fell 0.36 (-7.13%) to end at C$4.69 on over 7.73 million shares, compared to its 30-day average volume of 2.85 million shares after Cameco decided to cancel its bid for uranium explorer Hathor Exploration, clearing the way for Rio Tinto Ltd.'s (RIO) planned C$4.70-a-share, or C$654 million, offer.
Suncor Energy Inc. (TSX: SU) surged 0.77 (2.74%) to close at C$28.91 on over 5.53 million shares, compared to its average volume of 5.15 million as prices of crude oil jumped over 2%. Suncor Energy Inc said on Monday it began restarting units at its Sarnia, Ontario, refinery over the weekend after shutting them a week earlier due to a leak.
Royal Bank of Canada (TSX: RY) shares added 0.92 (2.12%) to close the day at C$44.32 on over 4.27 million shares with the broader market on hopes of Europe optimism. Royal Bank of Canada (RBC) is a diversified financial services company. RBC provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis.
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