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Philippines stocks lower at close of trade; PSEi Composite down 0.28%

Published 01/08/2018, 03:35 AM
Updated 01/08/2018, 03:40 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.28%
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Investing.com – Philippines stocks were lower after the close on Monday, as losses in the Property, Mining & Oil and Banking & Financials sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 0.28%.

The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 10.35% or 1.960 points to trade at 20.900 at the close. Meanwhile, Aboitiz Power Corp (PS:AP) added 1.34% or 0.55 points to end at 41.55 and San Miguel Corp (PS:SMC) was up 1.25% or 1.50 points to 121.50 in late trade.

The worst performers of the session were Globe Telecom Inc (PS:GLO), which fell 4.71% or 85.00 points to trade at 1720.00 at the close. SM Prime Holdings Inc (PS:SMPH) declined 2.41% or 0.950 points to end at 38.400 and BDO Unibank Inc (PS:BDO) was down 2.31% or 3.70 points to 156.30.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 128 to 75 and 42 ended unchanged.

Shares in LT Group Inc (PS:LTG) rose to 3-years highs; gaining 10.35% or 1.960 to 20.900. Shares in San Miguel Corp (PS:SMC) rose to 3-years highs; up 1.25% or 1.50 to 121.50.

Gold Futures for February delivery was down 0.39% or 5.10 to $1317.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.23% or 0.14 to hit $61.58 a barrel, while the March Brent oil contract rose 0.15% or 0.10 to trade at $67.72 a barrel.

CNY/PHP was up 0.66% to 7.7210, while USD/PHP rose 0.75% to 50.150.

The US Dollar Index Futures was up 0.23% at 91.96.

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