Toronto Stocks Flat; ProMIS Neurosciences Drops on TSX Delisting

By Adriano Marchese

Toronto stocks were hovering around flat mid-trading on Monday with a mixed performance from Canada's different sectors. In the session, health technology, producer manufacturing and tech services were leading the gainers, offset by losses primarily in the consumer services, communications and utilities sectors.

At midday, Canada's S&P/TSX Composite Index was 0.04% lower at 19822.60. The blue-chip S&P/TSX 60 slid 0.12% to 1190.27.

ProMIS Neurosciences shares were 19% lower in Toronto at 3.90 Canadian dollars ($2.94) after the company said it would delist from the Toronto Stock Exchange and consolidate its trading on the Nasdaq exchange in the U.S.

Other market movers:

Dye & Durham shares were 2.5% higher at C$18.40 after the legal software company said it would sell its TM Group (UK) subsidiary to German alternative investment firm Aurelius Group for up to 91 million pounds ($116.8 million) after the U.K. Competition and Markets Authority ordered the divestiture to promote competition in property search services.

Shares of Vermilion Energy rose by 3.1% to C$17.67 after the oil and gas producer said it plans to launch a share repurchase program to buy back up to 10% of its shares over the course of a one-year period.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

July 10, 2023 12:16 ET (16:16 GMT)

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