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Philippines stocks lower at close of trade; PSEi Composite down 1.14%

Published 02/22/2018, 03:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.14%
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Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Mining & Oil, Holding Firms and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 1.14%.

The best performers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS:AEV), which rose 2.81% or 2.100 points to trade at 76.900 at the close. Meanwhile, LT Group Inc (PS:LTG) added 2.01% or 0.450 points to end at 22.850 and Emperador Inc (PS:EMP) was up 1.72% or 0.130 points to 7.690 in late trade.

The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 3.76% or 0.220 points to trade at 5.630 at the close. SM Investments Corp (PS:SM) declined 3.55% or 35.00 points to end at 950.00 and Manila Electric Co (PS:MER) was down 2.97% or 9.80 points to 320.20.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 136 to 77 and 49 ended unchanged.

Gold Futures for April delivery was down 0.59% or 7.80 to $1324.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.84% or 0.52 to hit $61.16 a barrel, while the April Brent oil contract fell 0.69% or 0.45 to trade at $64.97 a barrel.

CNY/PHP was down 0.07% to 8.1974, while USD/PHP rose 0.08% to 52.151.

The US Dollar Index Futures was down 0.02% at 90.01.

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