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Philippines stocks lower at close of trade; PSEi Composite down 0.81%

Published 11/16/2017, 03:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.81%

Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Services and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.81% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 3.62% or 5.10 points to trade at 146.10 at the close. Meanwhile, DMCI Holdings Inc (PS:DMC) added 1.25% or 0.180 points to end at 14.600 and Jollibee Foods Corp (PS:JFC) was up 1.17% or 3.00 points to 258.80 in late trade.

The worst performers of the session were Aboitiz Power Corp (PS:AP), which fell 3.38% or 1.40 points to trade at 40.00 at the close. Ayala Corp (PS:AC) declined 2.72% or 28.00 points to end at 1000.00 and Metro Pacific Investments Corp (PS:MPI) was down 2.67% or 0.180 points to 6.570.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 121 to 74 and 38 ended unchanged.

Gold Futures for December delivery was up 0.04% or 0.51 to $1278.21 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.20% or 0.11 to hit $55.44 a barrel, while the January Brent oil contract rose 0.32% or 0.20 to trade at $62.07 a barrel.

CNY/PHP was down 0.20% to 7.6568, while USD/PHP fell 0.50% to 50.785.

The US Dollar Index Futures was up 0.05% at 93.77.

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