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Philippines stocks lower at close of trade; PSEi Composite down 0.60%

Published 09/28/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.60%
PSI
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AP
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Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Property, Industrials and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.60%.

The best performers of the session on the PSEi Composite were Bank of the Philippine Islands (PS:BPI), which rose 4.45% or 3.55 points to trade at 83.30 at the close. Meanwhile, PLDT Inc (PS:TEL) added 3.85% or 50.00 points to end at 1350.00 and BDO Unibank Inc (PS:BDO) was up 3.54% or 4.10 points to 119.80 in late trade.

The worst performers of the session were Aboitiz Power Corp (PS:AP), which fell 4.43% or 1.55 points to trade at 33.45 at the close. LT Group Inc (PS:LTG) declined 4.00% or 0.600 points to end at 14.400 and Ayala Land Inc (PS:ALI) was down 3.03% or 1.250 points to 40.050.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 99 to 83 and 50 ended unchanged.

Shares in Aboitiz Power Corp (PS:AP) fell to 3-years lows; falling 4.43% or 1.55 to 33.45. Shares in LT Group Inc (PS:LTG) fell to 52-week lows; losing 4.00% or 0.600 to 14.400.

Gold Futures for December delivery was down 0.01% or 0.10 to $1187.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.25% or 0.18 to hit $72.30 a barrel, while the December Brent oil contract rose 0.11% or 0.09 to trade at $81.47 a barrel.

CNY/PHP was down 0.47% to 7.8517, while USD/PHP fell 0.03% to 54.041.

The US Dollar Index Futures was up 0.11% at 94.71.

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