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Philippines stocks lower at close of trade; PSEi Composite down 0.78%

Published 10/18/2017, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.78%
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Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Mining & Oil, Holding Firms and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.78%.

The best performers of the session on the PSEi Composite were San Miguel Corp (PS:SMC), which rose 2.49% or 2.50 points to trade at 103.00 at the close. Meanwhile, PLDT Inc (PS:TEL) added 2.04% or 34.00 points to end at 1700.00 and Aboitiz Power Corp (PS:AP) was up 1.32% or 0.55 points to 42.15 in late trade.

The worst performers of the session were Semirara Mining Corp (PS:SCC), which fell 4.02% or 1.75 points to trade at 41.75 at the close. Alliance Global Group Inc (PS:AGI) declined 3.06% or 0.500 points to end at 15.860 and Metropolitan Bank and Trust Co (PS:MBT) was down 2.50% or 2.30 points to 89.70.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 137 to 72 and 36 ended unchanged.

Gold Futures for December delivery was down 0.08% or 0.97 to $1285.23 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.27% or 0.14 to hit $52.02 a barrel, while the December Brent oil contract rose 0.60% or 0.35 to trade at $58.23 a barrel.

CNY/PHP was down 0.07% to 7.7646, while USD/PHP rose 0.13% to 51.400.

The US Dollar Index Futures was up 0.10% at 93.45.

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