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Philippines stocks lower at close of trade; PSEi Composite down 0.38%

Stock MarketsApr 16, 2018 04:40AM ET
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Philippines stocks lower at close of trade; PSEi Composite down 0.38%

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

At the close in Philippines, the PSEi Composite declined 0.38% to hit a new 6-months low.

The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 3.21% or 0.600 points to trade at 19.300 at the close. Meanwhile, JG Summit Holdings Inc (PS:JGS) added 1.11% or 0.700 points to end at 63.500 and Manila Electric Co (PS:MER) was up 0.99% or 3.20 points to 325.00 in late trade.

The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 4.06% or 0.200 points to trade at 4.730 at the close. First Gen Corp (PS:FGEN) declined 3.43% or 0.58 points to end at 16.32 and PLDT Inc (PS:TEL) was down 2.04% or 30.00 points to 1440.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 129 to 68 and 49 ended unchanged.

Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; down 4.06% or 0.200 to 4.730.

Gold Futures for June delivery was up 0.04% or 0.60 to $1348.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.41% or 0.95 to hit $66.44 a barrel, while the June Brent oil contract fell 1.56% or 1.13 to trade at $71.45 a barrel.

CNY/PHP was up 0.10% to 8.2877, while USD/PHP rose 0.18% to 52.060.

The US Dollar Index Futures was down 0.25% at 89.29.

Philippines stocks lower at close of trade; PSEi Composite down 0.38%
 

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