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Philippines stocks lower at close of trade; PSEi Composite down 0.84%

Published 05/31/2016, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.84%
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Investing.com – Philippines stocks were lower after the close on Tuesday, as losses in the Property, Industrials and Mining & Oil sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.84%.

The best performers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 4.33% or 100.000 points to trade at 2410.000 at the close. Meanwhile, Megaworld Corp (PS:MEG) added 3.69% or 0.160 points to end at 4.500 and San Miguel Corp (PS:SMC) was up 2.12% or 1.700 points to 82.000 in late trade.

The worst performers of the session were International Container Terminal Services Inc (PS:ICT), which fell 6.14% or 3.700 points to trade at 56.550 at the close. GT Capital Holdings Inc (PS:GTCAP) declined 3.79% or 55.000 points to end at 1395.000 and First Gen Corp (PS:FGEN) was down 3.04% or 0.70 points to 22.30.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 115 to 74 and 42 ended unchanged.

Shares in San Miguel Corp (PS:SMC) rose to 52-week highs; gaining 2.12% or 1.700 to 82.000.

Gold for August delivery was down 0.23% or 2.85 to $1213.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.28% or 0.14 to hit $49.47 a barrel, while the August Brent oil contract fell 0.69% or 0.35 to trade at $50.01 a barrel.

CNY/PHP was down 0.10% to 7.1039, while USD/PHP fell 0.08% to 46.778.

The US Dollar Index was up 0.06% at 95.78.

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