Here are Tuesday's top 3 performers on the TSX

financialpost.com:

The S&P/TSX composite index was bleeding red on Sept. 26, falling 1.2 per cent to 19,556.15 and flirting with the year’s low reached in June.

Following a flat Monday, the TSX picked up where it left off last week when it closed down 3.5 per cent after being roiled by the U.S. Federal Reserve, which said it expected higher interest rates to stick around as the U.S. economy continued to resist the full weight of hikes.

All the TSX’s sectors pulled back. The materials and utilities sectors fell 1.9 per cent followed by information technology down 1.7 per cent, financials at 1.1 per cent, consumer staples at 0.3 per cent, and energy, 0.2 per cent.

On a day of red, only 22 stocks closed up versus 204 decliners.

Here are the TSX’s top three performers for Sept. 26.

One-day change: 4.09 per cent

Year-to-date change: 36.4 per cent

The energy sector has been keeping the TSX aloft this year as oil prices continue to surge with West Texas Intermediate (WTI) up 12.6 per cent year to date.

Oilsands producer and exploration company MEG Energy got a boost from ratings agency Fitch, which recently upgraded it on expectations for ongoing debt reduction and “abundant” cash flow.

“MEG’s rating reflects its improving credit metrics, material gross debt reduction and improved visibility on additional debt reductions over the next few quarters, below-average refinancing risk with no bond maturities until 2027 and abundant liquidity,” Fitch said.

Of the 13 analysts who cover the company, seven have a “buy” rating on the stock and six a “hold,” with a 12-month consensus target price of $27.75, according to Bloomberg.

MEG Energy closed at $25.70.

One-day change: 2.41 per cent

Year-to-date change: -0.04 per cent

Pulp and paper company West Fraser