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Philippines stocks lower at close of trade; PSEi Composite down 1.08%

Published 06/25/2018, 04:35 AM
Updated 06/25/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.08%

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

At the close in Philippines, the PSEi Composite declined 1.08% to hit a new 52-week low.

The best performers of the session on the PSEi Composite were PLDT Inc (PS:TEL), which rose 3.71% or 42.00 points to trade at 1175.00 at the close. Meanwhile, Semirara Mining Corp (PS:SCC) added 3.09% or 0.90 points to end at 30.00 and Universal Robina Corp (PS:URC) was up 2.17% or 2.50 points to 117.50 in late trade.

The worst performers of the session were JG Summit Holdings Inc (PS:JGS), which fell 5.54% or 2.750 points to trade at 46.900 at the close. GT Capital Holdings Inc (PS:GTCAP) declined 3.60% or 32.50 points to end at 869.50 and Ayala Land Inc (PS:ALI) was down 3.33% or 1.250 points to 36.300.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 100 to 80 and 58 ended unchanged.

Shares in JG Summit Holdings Inc (PS:JGS) fell to 3-years lows; losing 5.54% or 2.750 to 46.900. Shares in GT Capital Holdings Inc (PS:GTCAP) fell to 3-years lows; down 3.60% or 32.50 to 869.50. Shares in Ayala Land Inc (PS:ALI) fell to 52-week lows; falling 3.33% or 1.250 to 36.300.

Gold Futures for August delivery was up 0.09% or 1.20 to $1271.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.38% or 0.26 to hit $68.84 a barrel, while the September Brent oil contract fell 0.64% or 0.48 to trade at $74.84 a barrel.

CNY/PHP was down 0.02% to 8.1793, while USD/PHP rose 0.37% to 53.425.

The US Dollar Index Futures was down 0.01% at 94.18.

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