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Philippines stocks lower at close of trade; PSEi Composite down 0.43%

Published 03/24/2017, 04:35 AM
Updated 03/24/2017, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.43%

Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Property, Industrials and Banking & Financials sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 0.43%.

The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 3.56% or 0.530 points to trade at 15.420 at the close. Meanwhile, PLDT Inc (PS:TEL) added 1.62% or 25.00 points to end at 1570.00 and Robinsons Land Corp (PS:RLC) was up 1.30% or 0.300 points to 23.300 in late trade.

The worst performers of the session were Ayala Land Inc (PS:ALI), which fell 2.95% or 1.050 points to trade at 34.500 at the close. Megaworld Corp (PS:MEG) declined 2.79% or 0.100 points to end at 3.480 and Universal Robina Corp (PS:URC) was down 2.54% or 4.20 points to 161.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 89 to 89 and 51 ended unchanged.

Gold Futures for April delivery was down 0.39% or 4.85 to $1242.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.44% or 0.21 to hit $47.91 a barrel, while the May Brent oil contract rose 0.28% or 0.14 to trade at $50.70 a barrel.

CNY/PHP was down 0.27% to 7.3011, while USD/PHP fell 0.13% to 50.255.

The US Dollar Index Futures was down 0.01% at 99.55.

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