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Philippines stocks higher at close of trade; PSEi Composite up 0.97%

Published 03/12/2018, 04:35 AM
Philippines stocks higher at close of trade; PSEi Composite up 0.97%
PSI
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Investing.com – Philippines stocks were higher after the close on Monday, as gains in the Banking & Financials, Property and Services sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.97%.

The best performers of the session on the PSEi Composite were Energy Development Corp (PS:EDC), which rose 4.58% or 0.260 points to trade at 5.940 at the close. Meanwhile, Robinsons Land Corp (PS:RLC) added 4.44% or 0.880 points to end at 20.700 and First Gen Corp (PS:FGEN) was up 4.32% or 0.72 points to 17.40 in late trade.

The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 4.87% or 0.280 points to trade at 5.470 at the close. Semirara Mining Corp (PS:SCC) declined 1.64% or 0.55 points to end at 33.00 and Alliance Global Group Inc (PS:AGI) was down 0.82% or 0.120 points to 14.460.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 108 to 107 and 43 ended unchanged.

Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; down 4.87% or 0.280 to 5.470. Shares in Semirara Mining Corp (PS:SCC) fell to 52-week lows; down 1.64% or 0.55 to 33.00.

Gold Futures for April delivery was down 0.23% or 3.10 to $1320.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.39% or 0.24 to hit $61.80 a barrel, while the May Brent oil contract fell 0.49% or 0.32 to trade at $65.17 a barrel.

CNY/PHP was up 0.18% to 8.2278, while USD/PHP rose 0.13% to 52.035.

The US Dollar Index Futures was down 0.16% at 89.97.

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