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Philippines stocks higher at close of trade; PSEi Composite up 0.39%

Published 01/22/2018, 03:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.39%
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Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Services, Property and Holding Firms sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.39% to hit a new all time high.

The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 6.52% or 1.500 points to trade at 24.500 at the close. Meanwhile, San Miguel Corp (PS:SMC) added 2.86% or 3.80 points to end at 136.80 and Ayala Corp (PS:AC) was up 1.84% or 19.00 points to 1050.00 in late trade.

The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 3.85% or 3.000 points to trade at 75.000 at the close. Megaworld Corp (PS:MEG) declined 2.53% or 0.130 points to end at 5.000 and Alliance Global Group Inc (PS:AGI) was down 1.85% or 0.300 points to 15.900.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 128 to 98 and 52 ended unchanged.

Shares in LT Group Inc (PS:LTG) rose to 3-years highs; rising 6.52% or 1.500 to 24.500. Shares in San Miguel Corp (PS:SMC) rose to 5-year highs; gaining 2.86% or 3.80 to 136.80.

Gold Futures for February delivery was down 0.21% or 2.80 to $1330.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.35% or 0.22 to hit $63.53 a barrel, while the March Brent oil contract rose 0.36% or 0.25 to trade at $68.86 a barrel.

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CNY/PHP was up 0.45% to 7.9556, while USD/PHP rose 0.33% to 50.900.

The US Dollar Index Futures was down 0.17% at 90.34.

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