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Philippines stocks lower at close of trade; PSEi Composite down 0.64%

Published 07/14/2017, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.64%
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Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Property, Banking & Financials and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.64%.

The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 7.45% or 1.240 points to trade at 17.880 at the close. Meanwhile, PLDT Inc (PS:TEL) added 1.18% or 20.00 points to end at 1720.00 and Manila Electric Co (PS:MER) was up 0.67% or 1.80 points to 269.80 in late trade.

The worst performers of the session were Metropolitan Bank and Trust Co (PS:MBT), which fell 2.44% or 2.30 points to trade at 92.00 at the close. Megaworld Corp (PS:MEG) declined 2.12% or 0.100 points to end at 4.620 and Ayala Corp (PS:AC) was down 1.95% or 17.00 points to 853.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 104 to 94 and 54 ended unchanged.

Shares in LT Group Inc (PS:LTG) rose to 3-years highs; rising 7.45% or 1.240 to 17.880.

Gold Futures for August delivery was up 0.04% or 0.54 to $1217.84 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.13% or 0.06 to hit $46.02 a barrel, while the September Brent oil contract fell 0.06% or 0.03 to trade at $48.39 a barrel.

CNY/PHP was up 0.10% to 7.4620, while USD/PHP rose 0.08% to 50.615.

The US Dollar Index Futures was down 0.08% at 95.48.

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