Toronto stocks fell modestly Thursday, as broad weakness in the market was offset by strength in the energy sector and in gold stocks.

The S&P/TSX composite index closed down 12.30 points, or 0.1%, at 13,317.98.

Seven of the 10 TSX main sub-groups were down.

The materials index fell 0.17%, but the gold sub-index gained 0.50%.

Gold futures fell $1 at US$683.00 an ounce.

Kinross Gold Corp. gained 39¢, or 2.50%, to $16.00.

The energy index moved up 0.2%. Light, sweet crude gained 88¢ to close at US$60.95.

Petro-Canada gained 27¢, or 0.62%, to $43.96.

The financials index was unchanged.

Toronto-Dominion Bank reported net income of $921 million for the first quarter, down from the $2.3 billion it booked during the same period last year, which included a large gain due to the sale of TD Waterhouse U.S.A. to Ameritrade. The bank raised its dividend by 10%. TD shares gained 53¢, or 0.8%, to $70.74.

The Canadian dollar was down 0.08 of a cent to 86.11¢.

The S&P/TSX Venture composite index gained 46.76 points, or 1.49%, to 3,183.39.

In New York, markets were mixed as investors showed concern over the rising price of oil.

The Dow Jones industrial average fell 52.39 points, or 0.41%, to end at 12,686.02. The S&Ps 500 was down 1.25 points, or 0.09%, at 1,456.38.

The Nasdaq composite index rose 6.52 points, or 0.26 percent, to 2,524.94.