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Philippines stocks lower at close of trade; PSEi Composite down 1.30%

Published 09/07/2016, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.30%
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Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Property, Holding Firms and Banking & Financials sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 1.30% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were International Container Terminal Services Inc (PS:ICT), which rose 5.13% or 4.000 points to trade at 82.000 at the close. Meanwhile, First Gen Corp (PS:FGEN) added 1.81% or 0.45 points to end at 25.30 and Philex Mining Corp (PS:PX) was up 1.18% or 0.100 points to 8.550 in late trade.

The worst performers of the session were Bloomberry Resorts Corp (PS:BLOOM), which fell 6.47% or 0.350 points to trade at 5.060 at the close. Megaworld Corp (PS:MEG) declined 3.79% or 0.180 points to end at 4.570 and Alliance Global Group Inc (PS:AGI) was down 3.09% or 0.520 points to 16.300.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 122 to 66 and 44 ended unchanged.

Gold for December delivery was down 0.10% or 1.35 to $1352.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.96% or 0.43 to hit $45.26 a barrel, while the November Brent oil contract rose 0.85% or 0.40 to trade at $47.66 a barrel.

CNY/PHP was up 0.46% to 7.0070, while USD/PHP rose 0.24% to 46.698.

The US Dollar Index was up 0.09% at 94.89.

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