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Philippines stocks lower at close of trade; PSEi Composite down 0.34%

Published 07/24/2017, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.34%
PSI
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PSIN
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AP
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MBT
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SMPH
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Investing.com – Philippines stocks were lower after the close on Monday, as losses in the Property, Mining & Oil and Industrials sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.34%.

The best performers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 1.92% or 0.300 points to trade at 15.900 at the close. Meanwhile, JG Summit Holdings Inc (PS:JGS) added 1.29% or 1.000 points to end at 78.500 and Metropolitan Bank and Trust Co (PS:MBT) was up 1.27% or 1.10 points to 88.00 in late trade.

The worst performers of the session were SM Prime Holdings Inc (PS:SMPH), which fell 2.30% or 0.800 points to trade at 34.000 at the close. Aboitiz Power Corp (PS:AP) declined 2.11% or 0.85 points to end at 39.35 and Security Bank Corp (PS:SECB) was down 2.11% or 4.80 points to 223.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 109 to 99 and 50 ended unchanged.

Shares in DMCI Holdings Inc (PS:DMC) rose to 52-week highs; up 1.92% or 0.300 to 15.900.

Gold Futures for August delivery was down 0.04% or 0.48 to $1254.42 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.39% or 0.18 to hit $45.59 a barrel, while the September Brent oil contract fell 0.37% or 0.18 to trade at $47.88 a barrel.

CNY/PHP was up 0.24% to 7.5130, while USD/PHP rose 0.02% to 50.730.

The US Dollar Index Futures was up 0.05% at 93.83.

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