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Philippines stocks lower at close of trade; PSEi Composite down 0.66%

Published 06/04/2018, 04:35 AM
Updated 06/04/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.66%

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

At the close in Philippines, the PSEi Composite declined 0.66%.

The best performers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 5.01% or 0.240 points to trade at 5.030 at the close. Meanwhile, Petron Corp (PS:PCOR) added 2.29% or 0.200 points to end at 8.950 and International Container Terminal Services Inc (PS:ICT) was up 1.98% or 1.650 points to 85.000 in late trade.

The worst performers of the session were Universal Robina Corp (PS:URC), which fell 6.21% or 8.00 points to trade at 120.80 at the close. Aboitiz Equity Ventures Inc (PS:AEV) declined 3.10% or 1.950 points to end at 61.050 and SM Investments Corp (PS:SM) was down 3.03% or 27.50 points to 879.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 113 to 70 and 58 ended unchanged.

Shares in Universal Robina Corp (PS:URC) fell to 3-years lows; losing 6.21% or 8.00 to 120.80.

Gold Futures for August delivery was down 0.12% or 1.60 to $1297.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.24% or 0.16 to hit $65.97 a barrel, while the August Brent oil contract rose 0.07% or 0.05 to trade at $76.84 a barrel.

CNY/PHP was up 0.26% to 8.1996, while USD/PHP rose 0.12% to 52.570.

The US Dollar Index Futures was down 0.30% at 93.88.

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