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Philippines stocks lower at close of trade; PSEi Composite down 0.17%

Published 08/29/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.17%
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Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Mining & Oil, Banking & Financials and Industrials sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.17%.

The best performers of the session on the PSEi Composite were First Gen Corp (PS:FGEN), which rose 6.10% or 0.98 points to trade at 17.04 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 3.16% or 0.160 points to end at 5.220 and San Miguel Corp (PS:SMC) was up 2.95% or 4.90 points to 171.00 in late trade.

The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 2.78% or 1.500 points to trade at 52.500 at the close. Manila Electric Co (PS:MER) declined 2.32% or 8.80 points to end at 371.20 and Security Bank Corp (PS:SECB) was down 1.72% or 3.50 points to 199.90.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 112 to 79 and 51 ended unchanged.

Gold Futures for December delivery was down 0.40% or 4.90 to $1209.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.01% or 0.01 to hit $68.52 a barrel, while the November Brent oil contract fell 0.05% or 0.04 to trade at $76.25 a barrel.

CNY/PHP was down 0.04% to 7.8343, while USD/PHP rose 0.21% to 53.460.

The US Dollar Index Futures was up 0.13% at 94.75.

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