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TSX Flat At Open Tuesday

Bay Street stocks edged up at open Tuesday amid marginal buying in commodity related stocks, with the S&P/TSX Composite Index adding 11.65 points or 0.09 percent to 12,586.44.

The Diversified Materials Index moved up 0.50 percent, with Teck Resources (TCK_B.TO) and First Quantum Minerals (FM.TO) adding nearly 1 percent each, while Inmet Mining (IMN.TO) was slipping over 1 percent.

In the oil patch, Ecopetrol SA (ECP.TO) gained over 3 percent. Crude oil transporter Enbridge Inc. (ENB.TO) added 0.50 percent after announcing plans to invest $4 billion in a new round of construction.

Gold stocks were under buyers' radar amid a rebound in bullion prices. Kirkland Lake Gold (KGI.TO) gained over 2 percent.

Meanwhile, Centerra Gold (CG.TO) dived over 10 percent after revising 2012 production forecast for Kumtor Mine.

by RTTNews Staff Writer

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