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Philippines shares lower at close of trade; PSEi Composite down 0.68%

Published 19/12/2017, 08:35
Philippines shares lower at close of trade; PSEi Composite down 0.68%
PSI
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PSFI
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PSMO
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PSSE
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BDO
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JGS
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MPI
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SECB
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LTG
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TEL
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Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Services, Mining & Oil and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.68%.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 5.43% or 1.000 points to trade at 19.400 at the close. Metro Pacific Investments Corp (PS:MPI) added 1.36% or 0.090 points to end at 6.710 and Security Bank Corp (PS:SECB) was up 0.87% or 2.20 points to 254.00 in late trade.

Biggest losers included PLDT Inc (PS:TEL), which lost 5.84% or 90.00 points to trade at 1450.00 in late trade. JG Summit Holdings Inc (PS:JGS) declined 4.83% or 3.600 points to end at 71.000 and BDO Unibank Inc (PS:BDO) shed 2.91% or 4.50 points to 150.30.

Declining stocks outnumbered rising ones by 116 to 89 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was up 0.18% or 2.30 to $1267.80 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.58% or 0.33 to hit $57.55 a barrel, while the February Brent oil contract rose 0.43% or 0.27 to trade at $63.68 a barrel.

CNY/PHP was up 0.12% to 7.6238, while USD/PHP rose 0.03% to 50.389.

The US Dollar Index Futures was down 0.15% at 93.09.

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