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Philippines stocks lower at close of trade; PSEi Composite down 1.72%

Stock MarketsSep 18, 2018 04:35AM ET
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Philippines stocks lower at close of trade; PSEi Composite down 1.72%

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

At the close in Philippines, the PSEi Composite declined 1.72% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 3.77% or 0.460 points to trade at 12.660 at the close. Meanwhile, First Gen Corp (PS:FGEN) added 2.27% or 0.38 points to end at 17.10 and Robinsons Retail Holdings Inc (PS:RRHI) was up 1.86% or 1.500 points to 82.000 in late trade.

The worst performers of the session were Metropolitan Bank and Trust Co (PS:MBT), which fell 4.21% or 2.90 points to trade at 66.00 at the close. Bank of the Philippine Islands (PS:BPI) declined 4.14% or 3.55 points to end at 82.10 and SM Investments Corp (PS:SM) was down 3.36% or 31.00 points to 891.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 150 to 54 and 33 ended unchanged.

Shares in Metropolitan Bank and Trust Co (PS:MBT) fell to 5-year lows; falling 4.21% or 2.90 to 66.00. Shares in Bank of the Philippine Islands (PS:BPI) fell to 52-week lows; losing 4.14% or 3.55 to 82.10.

Gold Futures for December delivery was down 0.22% or 2.70 to $1203.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.22% or 0.15 to hit $68.53 a barrel, while the November Brent oil contract fell 0.38% or 0.30 to trade at $77.75 a barrel.

CNY/PHP was down 0.03% to 7.8816, while USD/PHP fell 0.13% to 54.108.

The US Dollar Index Futures was up 0.03% at 94.12.

Philippines stocks lower at close of trade; PSEi Composite down 1.72%
 

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