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

Published 05/18/2018, 04:35 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 Friday, as losses in the Mining & Oil, Holding Firms and Industrials sectors led shares lower.

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

The best performers of the session on the PSEi Composite were PLDT Inc (PS:TEL), which rose 3.03% or 41.00 points to trade at 1395.00 at the close. Meanwhile, GT Capital Holdings Inc (PS:GTCAP) added 2.89% or 29.00 points to end at 1032.00 and SM Prime Holdings Inc (PS:SMPH) was up 1.50% or 0.550 points to 37.300 in late trade.

The worst performers of the session were Globe Telecom Inc (PS:GLO), which fell 4.21% or 72.00 points to trade at 1638.00 at the close. Metro Pacific Investments Corp (PS:MPI) declined 3.92% or 0.200 points to end at 4.900 and Megaworld Corp (PS:MEG) was down 2.79% or 0.130 points to 4.530.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 115 to 86 and 52 ended unchanged.

Gold Futures for June delivery was down 0.11% or 1.40 to $1288.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.25% or 0.18 to hit $71.67 a barrel, while the July Brent oil contract rose 0.54% or 0.43 to trade at $79.73 a barrel.

CNY/PHP was down 0.89% to 8.2063, while USD/PHP rose 0.01% to 52.318.

The US Dollar Index Futures was down 0.02% at 93.37.

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