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Philippines shares lower at close of trade; PSEi Composite down 1.03%

Published 11/09/2018, 09:35
Philippines shares lower at close of trade; PSEi Composite down 1.03%
PSI
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Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Mining & Oil, Holding Firms and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.03%.

The biggest gainers of the session on the PSEi Composite were Security Bank Corp (PS:SECB), which rose 1.53% or 2.90 points to trade at 193.00 at the close. Aboitiz Power Corp (PS:AP) added 0.97% or 0.35 points to end at 36.60 and Globe Telecom Inc (PS:GLO) was up 0.76% or 16.00 points to 2120.00 in late trade.

Biggest losers included JG Summit Holdings Inc (PS:JGS), which lost 4.80% or 2.750 points to trade at 54.600 in late trade. DMCI Holdings Inc (PS:DMC) declined 3.79% or 0.480 points to end at 12.200 and Metro Pacific Investments Corp (PS:MPI) shed 3.74% or 0.200 points to 5.150.

Declining stocks outnumbered rising ones by 147 to 58 and 42 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.10% or 1.20 to $1201.00 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.50% or 0.34 to hit $67.88 a barrel, while the November Brent oil contract rose 0.89% or 0.69 to trade at $78.06 a barrel.

CNY/PHP was up 0.12% to 7.8616, while USD/PHP rose 0.06% to 53.937.

The US Dollar Index Futures was down 0.17% at 94.96.

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