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Philippines stocks lower at close of trade; PSEi Composite down 0.09%

Published 03/02/2018, 03:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.09%
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Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Mining & Oil, Holding Firms and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 0.09% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were Energy Development Corp (PS:EDC), which rose 3.05% or 0.170 points to trade at 5.750 at the close. Meanwhile, Universal Robina Corp (PS:URC) added 2.55% or 3.80 points to end at 153.00 and Metro Pacific Investments Corp (PS:MPI) was up 2.13% or 0.120 points to 5.750 in late trade.

The worst performers of the session were JG Summit Holdings Inc (PS:JGS), which fell 4.99% or 3.400 points to trade at 64.700 at the close. DMCI Holdings Inc (PS:DMC) declined 3.50% or 0.480 points to end at 13.240 and LT Group Inc (PS:LTG) was down 3.13% or 0.700 points to 21.700.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 140 to 75 and 40 ended unchanged.

Shares in JG Summit Holdings Inc (PS:JGS) fell to 52-week lows; down 4.99% or 3.400 to 64.700.

Gold Futures for April delivery was up 0.97% or 12.70 to $1317.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.11% or 0.07 to hit $60.92 a barrel, while the May Brent oil contract rose 0.05% or 0.03 to trade at $63.86 a barrel.

CNY/PHP was up 0.15% to 8.1785, while USD/PHP fell 0.05% to 51.893.

The US Dollar Index Futures was down 0.08% at 90.15.

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