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Philippines stocks lower at close of trade; PSEi Composite down 0.52%

Published 09/07/2018, 04:35 AM
Updated 09/07/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.52%

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

At the close in Philippines, the PSEi Composite lost 0.52%.

The best performers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 4.36% or 0.220 points to trade at 5.270 at the close. Meanwhile, DMCI Holdings Inc (PS:DMC) added 3.62% or 0.440 points to end at 12.600 and JG Summit Holdings Inc (PS:JGS) was up 2.40% or 1.350 points to 57.650 in late trade.

The worst performers of the session were Ayala Corp (PS:AC), which fell 2.86% or 27.00 points to trade at 917.00 at the close. SM Investments Corp (PS:SM) declined 2.19% or 21.00 points to end at 938.00 and Ayala Land Inc (PS:ALI) was down 2.09% or 0.900 points to 42.200.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 101 to 88 and 46 ended unchanged.

Gold Futures for December delivery was up 0.20% or 2.40 to $1206.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.30% or 0.20 to hit $67.97 a barrel, while the November Brent oil contract rose 0.21% or 0.16 to trade at $76.66 a barrel.

CNY/PHP was down 0.11% to 7.8606, while USD/PHP fell 0.24% to 53.750.

The US Dollar Index Futures was down 0.13% at 94.87.

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