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TSX ends down 0.4% at 21,516.90

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Posts its lowest closing level since Feb. 29

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Industrials fall nearly 1%

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Financials end 0.5% lower

(Updates at market close)

By Fergal Smith

June 19 (Reuters) - Canada's main stock index fell to a

near four-month low on Wednesday as industrial and financial

shares led broad-based declines in a seasonally weak period for

the commodity-linked market.

The Toronto Stock Exchange's S&P/TSX composite index

ended down 94.4 points, or 0.4%, at 21,516.90 in lower

than usual volumes, with U.S. markets closed for the Juneteenth

holiday.

It was the lowest closing level for the TSX since Feb. 29.

The index is down 3.4% since the start of the month.

Historical seasonal patterns show the TSX is weak in the

month of June, said Sid Mokhtari, chief market technician for

CIBC Capital Markets.

"There is a tactical buy opportunity for the month of July

just given how many things are getting oversold but I don't

necessarily believe we are going to be resuming a re-trending

bias (upward) at this point," Mokhtari said.

The TSX's recent decline has come despite gains on Wall

Street. The benchmark S&P 500 on Tuesday notched a record

closing high.

All ten major sectors on the Toronto market lost ground on

Wednesday, with industrials falling nearly 1% and

heavily weighted financials ending 0.5% lower.

The interest rate sensitive real estate sector

lost 0.7% as the Bank of Canada said it considered the merits of

waiting for an extra month to start cutting interest rates

before it decided to ease monetary policy on June 5.

Energy was down 0.2% as the price of oil retreated

from an earlier seven-week high, dipping 0.1% to $81.47 a

barrel.