Toronto stocks moved ahead Wednesday, its fifth consecutive day of record closes, on positive days in the key energy, materials, and financials sectors.

The S&P/TSX composite index gained 30.32, or 0.21%, to 14,142.51.

Half of the 10 TSX main sub-groups were up.

The materials sector gained 0.59%, while the gold sub-sector gained 0.88%.

Alcan Inc. gained $4.28, or 4.85%, to $92.50 as the firm spurned a takeover bid from U.S.-based industry giant Alcoa.

Gold futures rose $2.70 to close at US$662.60 an ounce.

The energy sector moved up 0.26%.

Light, sweet crude finished up 26¢ to close at US$65.77 a barrel.

Pengrowth Energy Trust fell 7¢, or 0.34%, to $20.38.

Financials gained 0.15%.

Bank of Montreal reported a quarterly gain in earnings if 3.1% despite reporting significant losses in natural gas trading. The earnings gain exceeded analysts expectations, which boosted the stock $1.32, or 1.92%, to $70.20.

The Canadian dollar gained 0.33 of a cent to US92.41¢.

The S&P TSX Venture Exchange moved ahead 4.24, or 0.13%, to 3,278.92.

In New York, markets moved down as investors were shaken by comments from former U.S. Federal Reserve chairman Alan Greenspan suggesting Chinese stock markets were due for a significant correction.

The Dow Jones industrial average fell 14.30, or 0.11%, to 13,525.65, the Nasdaq composite index lost 10.97, or 0.42%, to 2,577.05, and the S&P 500 gave up 1.84, or 0.12%, to 1,522.28.