TORONTO (Reuters) — The Toronto Stock Exchange’s main index rose for a third-straight session yesterday, boosted by gains in energy and financial issues.The Toronto Stock Exchange S&P/TSX composite index closed up 61.36 points, or 0.5 percent, at 13,050.97. The three days of gains recouped losses suffered last week following the index’s precipitous 2.7 percent plunge to 13,040.11 on February 27.

“We’ve seen a pretty broad-based recovery from last week’s decline, but led certainly, percentage wise, by the areas that had the biggest pullback, which were oil and gas and metals and mining,” said Peter Chandler, senior vice-president at Canaccord Capital in Waterloo, Ontario.

“The big question that remains out there is, is this more of a reflex bounce and we have more down to go?”

Overall, seven of the TSX index’s 10 main groups advanced yesterday, with the energy, financials, industrials and information technology groups providing most of the boost.

Earlier in the day, the index soared more than 100 points on a sharp rally in the shares of mining companies, which rose on strength in metal prices. But the resource-laden materials sector gave back some of its gains and closed up 0.07 percent.

US crude prices reversed course and nudged lower to $61.64 a barrel amid comfort over inventory levels despite a report this week showed lower US crude oil and gasoline stockpiles.

Energy shares rose 0.7 percent with Suncor Energy Inc. up C$1.14, or 1.4 percent, at C$83.36, and Canadian Natural Resources Ltd. up 49 Canadian cents, or 0.82 percent, at C$60.33.

Elsewhere, shares of Husky Injection Molding Systems Ltd. surged C$1.60, or 27 percent, to C$7.50 after it reported a smaller second-quarter profit Thursday and announced job cuts. But it also said it investigating the possibility of selling itself or merging.

Liponex Inc. plunged C$1.93, or 78.5 percent, to 53 Canadian cents, the market’s top percentage loser, after clinical trial data for its high-density lipoprotein drug failed to meet expectations.