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Philippines stocks lower at close of trade; PSEi Composite down 0.32%

Published 01/18/2018, 03:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.32%

Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Mining & Oil, Banking & Financials and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.32%.

The best performers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 3.13% or 0.150 points to trade at 4.950 at the close. Meanwhile, PLDT Inc (PS:TEL) added 1.44% or 21.00 points to end at 1481.00 and Aboitiz Power Corp (PS:AP) was up 1.23% or 0.50 points to 41.15 in late trade.

The worst performers of the session were GT Capital Holdings Inc (PS:GTCAP), which fell 3.04% or 41.00 points to trade at 1309.00 at the close. Ayala Corp (PS:AC) declined 2.36% or 25.00 points to end at 1035.00 and Robinsons Land Corp (PS:RLC) was down 1.93% or 0.400 points to 20.300.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 112 to 103 and 54 ended unchanged.

Shares in Robinsons Land Corp (PS:RLC) fell to 3-years lows; falling 1.93% or 0.400 to 20.300.

Gold Futures for February delivery was down 0.81% or 10.90 to $1328.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.09% or 0.06 to hit $63.91 a barrel, while the March Brent oil contract fell 0.30% or 0.21 to trade at $69.17 a barrel.

CNY/PHP was up 0.22% to 7.9080, while USD/PHP rose 0.18% to 50.813.

The US Dollar Index Futures was down 0.14% at 90.52.

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