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Philippines stocks lower at close of trade; PSEi Composite down 1.20%

Stock MarketsSep 20, 2018 04:35AM ET
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Philippines stocks lower at close of trade; PSEi Composite down 1.20%

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

At the close in Philippines, the PSEi Composite declined 1.20% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 4.77% or 0.190 points to trade at 4.170 at the close. Meanwhile, Jollibee Foods Corp (PS:JFC) added 2.65% or 7.00 points to end at 271.00 and JG Summit Holdings Inc (PS:JGS) was up 1.73% or 0.900 points to 53.000 in late trade.

The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 4.03% or 1.850 points to trade at 44.100 at the close. LT Group Inc (PS:LTG) declined 3.79% or 0.600 points to end at 15.240 and SM Investments Corp (PS:SM) was down 3.15% or 28.00 points to 862.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 111 to 81 and 33 ended unchanged.

Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 5-year lows; down 4.03% or 1.850 to 44.100. Shares in LT Group Inc (PS:LTG) fell to 52-week lows; falling 3.79% or 0.600 to 15.240.

Gold Futures for December delivery was down 0.12% or 1.40 to $1206.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.55% or 0.39 to hit $71.16 a barrel, while the November Brent oil contract rose 0.16% or 0.13 to trade at $79.53 a barrel.

CNY/PHP was up 0.16% to 7.8911, while USD/PHP rose 0.40% to 54.099.

The US Dollar Index Futures was down 0.17% at 93.96.

Philippines stocks lower at close of trade; PSEi Composite down 1.20%
 

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