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Philippines stocks lower at close of trade; PSEi Composite down 0.53%

Published 05/29/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.53%
PSI
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PSIN
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PSMO
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PSHO
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ICT
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MEG
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PCOR
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SM
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TEL
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URC
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Investing.com – Philippines stocks were lower after the close on Tuesday, as losses in the Holding Firms, Mining & Oil and Industrials sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 0.53%.

The best performers of the session on the PSEi Composite were PLDT Inc (PS:TEL), which rose 1.62% or 21.00 points to trade at 1316.00 at the close. Meanwhile, International Container Terminal Services Inc (PS:ICT) added 1.57% or 1.300 points to end at 84.300 and Megaworld Corp (PS:MEG) was up 1.05% or 0.050 points to 4.800 in late trade.

The worst performers of the session were Petron Corp (PS:PCOR), which fell 3.08% or 0.290 points to trade at 9.130 at the close. Universal Robina Corp (PS:URC) declined 2.58% or 3.50 points to end at 132.00 and SM Investments Corp (PS:SM) was down 2.55% or 22.50 points to 859.50.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 101 to 88 and 54 ended unchanged.

Shares in Universal Robina Corp (PS:URC) fell to 3-years lows; losing 2.58% or 3.50 to 132.00.

Gold Futures for June delivery was up 0.02% or 0.30 to $1304.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.06% or 1.40 to hit $66.48 a barrel, while the August Brent oil contract fell 0.01% or 0.01 to trade at $75.31 a barrel.

CNY/PHP was down 0.36% to 8.2045, while USD/PHP rose 0.14% to 52.667.

The US Dollar Index Futures was up 0.48% at 94.81.

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