Toronto stocks finished slightly up Monday, as gains in the energy sector, and a revised bid for Inco Ltd., offset a poor day in financials.

The S&P/TSX composite index moved up 7.28, or 0.06%, to 11,830.96.

Seven of the 10 TSX main sub-groups were down, but the heavily weighted energy sector was up 1.26%.

The light, sweet crude contract for September ended up $1.16 at US$74.40 a barrel.

Petro-Canada gained 11¢, or 0.22%, to $50.58.

The materials sector was up 0.66%.

Teck Cominco Ltd. has put in a revised takeover offer valued at $82.50 a share for Inco. Teck Cominco gained $1.89, or 2.59%, to $74.90, while Inco gained 88¢, or 1.02%, to $87.45.

The benchmark August contract for gold was down 60¢ at US$634.20 an ounce.

Barrick Gold gained 22¢, or 0.64%, to $34.74.

Financials fell 1.14%. Bank of Montreal lost 49¢, or 0.76%, to $63.95.

The Canadian dollar closed at US88.37¢, up 0.02 of a cent.

The S&P/TSX Venture Exchange index gained 23.15, or 0.89%, to 2,613.77.

In New York, markets turned lower on higher energy costs.
The Dow Jones Industrial Average fell 34.02 points to 11,185.68. The Nasdaq composite index fell 2.67 points to 2,091.47. The S&P 500 Index dropped 1.89 points to 1,276.66.
For July, the Dow rose 0.3%, the Nasdaq lost 3.7% and the S&P 500 rose 0.5%.