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Philippines stocks higher at close of trade; PSEi Composite up 0.69%

Published 09/24/2018, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.69%
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Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Banking & Financials, Mining & Oil and Holding Firms sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.69%.

The best performers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS:AEV), which rose 7.46% or 3.500 points to trade at 50.400 at the close. Meanwhile, Bank of the Philippine Islands (PS:BPI) added 5.13% or 4.30 points to end at 88.20 and Robinsons Land Corp (PS:RLC) was up 4.05% or 0.760 points to 19.540 in late trade.

The worst performers of the session were Alliance Global Group Inc (PS:AGI), which fell 2.77% or 0.360 points to trade at 12.640 at the close. DMCI Holdings Inc (PS:DMC) declined 2.14% or 0.260 points to end at 11.880 and Ayala Land Inc (PS:ALI) was down 2.04% or 0.850 points to 40.900.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 95 to 94 and 42 ended unchanged.

Gold Futures for December delivery was up 0.13% or 1.60 to $1202.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.84% or 1.30 to hit $72.08 a barrel, while the December Brent oil contract rose 2.19% or 1.71 to trade at $79.95 a barrel.

CNY/PHP was up 0.09% to 7.9098, while USD/PHP rose 0.06% to 54.220.

The US Dollar Index Futures was down 0.07% at 93.72.

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