By Eric Martyn
Reuters
Tuesday, May 30, 2006

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TORONTO (Reuters) - The Toronto Stock Exchange's main index sagged by 100 points on Tuesday as investors locked in profits following a three session bounce.

Adrian Mastracci, investment counsel at Vancouver’s
‘fee-only’ KCM Wealth Management, says, “It's not unusual for a little pause here and there. I think its good because they got ahead of themselves.”

The Toronto Stock Exchange S&P/TSX composite index fell as much as 123.36 points before noon, before rebounding a bit for a loss of 95.73 points, or 0.8 percent, at 11,749.75 by early afternoon.

The energy group was down 1.5 percent and the resource-laden materials sector lost 1.8 percent, despite rising commodity prices.

"It's not unusual for a little pause here and there," said Adrian Mastracci, investment counsel and president at KCM Wealth Management Inc. "I think its good because they got ahead of themselves."

Bombardier Inc. weighed on the main index, falling 55 Canadian cents, or 13 percent, to C$3.42 after reporting disappointing first-quarter earnings.

Overall, seven of the TSX index's 10 main groups were down. The industrials sector lost 2 percent.

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