Trading Summary (June 25, 2004)

Major Canadian stocks ended the day slightly lower on Friday, with the S&P/TSX composite index slipping 33.00 points, or 0.39%, to 8,497.77. Trading was calm in advance of what will be a stormy week ahead, with the federal election, an interest-rate decision in the U.S., and an artificial handover of power in Iraq

Some of the hot sectors during the day were base metals, health care, industrial, real estate, telecom and utilities; on the outs were precious metals, financials, technology, and consumer stocks.

The most-active stock of the day was Bombardier, which soared 5.6% to 3.98 on 7.9 million shares traded. On Tuesday, Transport Canada certified the company’s Bombardier Learjet 40(i) business jet.

Dynatec was the most-active mining stock, easing up a penny to $1.42 on a volume of 1.4 million. Along with its partner FNX Mining, Dynatec is carrying out a $30-million underground exploration program and feasibility study for the Norman 2000 and Norman North deposits, part of the Sudbury Joint Venture in Ontario.

One of the top percentage gainers was Rex Diamond, which jumped 7 to 53 as 131,000 shares traded hands. Based in Belgium, Rex is a fully integrated diamond company employing 600 people at operations in South Africa, Sierra Leone, Mauritania and Belgium.

Over on the TSX Venture Exchange, the composite index rose 4.86 points, or 0.31%, to 1,585.18. The top three most-active stocks were all miners: EuroZinc Mining, unchanged at 69 cents; Capstone Gold, rising 10 cents to 55 cents; and Sunridge Gold, up 56 cents to $2.40.

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