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Philippines stocks lower at close of trade; PSEi Composite down 0.30%

Published 09/03/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.30%
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Investing.com – Philippines stocks were lower after the close on Monday, as losses in the Property, Banking & Financials and Industrials sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 0.30%.

The best performers of the session on the PSEi Composite were Alliance Global Group Inc (PS:AGI), which rose 3.77% or 0.520 points to trade at 14.320 at the close. Meanwhile, San Miguel Corp (PS:SMC) added 3.55% or 6.00 points to end at 175.00 and Universal Robina Corp (PS:URC) was up 2.51% or 3.50 points to 143.00 in late trade.

The worst performers of the session were Ayala Corp (PS:AC), which fell 2.20% or 22.00 points to trade at 978.00 at the close. Jollibee Foods Corp (PS:JFC) declined 2.08% or 6.00 points to end at 282.00 and Bank of the Philippine Islands (PS:BPI) was down 1.87% or 1.75 points to 92.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 100 to 83 and 54 ended unchanged.

Shares in San Miguel Corp (PS:SMC) rose to all time highs; rising 3.55% or 6.00 to 175.00.

Gold Futures for December delivery was up 0.39% or 4.70 to $1209.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.20% or 0.14 to hit $69.91 a barrel, while the November Brent oil contract rose 0.46% or 0.36 to trade at $78.00 a barrel.

CNY/PHP was up 0.28% to 7.8451, while USD/PHP fell 0.13% to 53.490.

The US Dollar Index Futures was down 0.01% at 95.04.

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