* TSX ends up 0.3%, at 20,937.55
* For the week, the index was down 0.1%
* Energy rallies 0.6%; oil settles 2.2% higher
* Heavily weighted financials add 0.5%
Jan 5 (Reuters) – Canada’s main index rose on Friday,
ending the first week of 2024 on a positive note, as investors
shifted into sectors, such as energy and financials, offering
cheaper valuations and took in stride disappointing domestic
jobs data.
The Toronto Stock Exchange’s S&P/TSX composite index
ended up 66.2 points, or 0.3%, at 20,937.55. For the
week, it was down 0.1%, as some of the optimism that had fueled
markets in the final two months of 2023 ebbed.
The trend at the start of the year has been for investors to
reduce their exposure to some high-flying sectors, such as
technology, and move to sectors that appear to offer more value,
said Elvis Picardo, a portfolio manager at Luft Financial,…
