Stocks in Toronto closed lower today. Trading was flat for most of the day, except for a late-day rally among tech stocks. But even that didn’t serve to revive the market.

The Toronto Stock Exchange S&P/TSX composite index finished the day down 15.55 points, or 0.23%, at 6,740.37. Seven of the TSX’s 10 sub- indexes closed lower.

The technology sector closed up almost 1%. Nortel Networks Corp. rose 13¢, or nearly 4%, to $3.49. Celestica Inc. added 49¢, or 2%, climbing to $23.50.

The financial services sector managed to stay afloat, despite a drop in the shares of Fairfax Financial Holdings Inc. Fairfax shares fell 43% during the session but recovered after the company’s chief executive denied a report that it is facing a reserve shortfall.

American markets were closed for the celebration of Martin Luther King Jr. day — a U.S. national holiday.