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Philippines stocks lower at close of trade; PSEi Composite down 1.39%

Published 09/14/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.39%
PSI
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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 1.39% to hit a new 1-month low.

The best performers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 4.04% or 0.170 points to trade at 4.380 at the close. Meanwhile, First Gen Corp (PS:FGEN) added 1.46% or 0.24 points to end at 16.66 and Metro Pacific Investments Corp (PS:MPI) was up 0.96% or 0.050 points to 5.280 in late trade.

The worst performers of the session were GT Capital Holdings Inc (PS:GTCAP), which fell 4.12% or 35.00 points to trade at 815.00 at the close. Security Bank Corp (PS:SECB) declined 4.01% or 7.60 points to end at 182.00 and JG Summit Holdings Inc (PS:JGS) was down 3.97% or 2.150 points to 52.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 114 to 67 and 45 ended unchanged.

Shares in GT Capital Holdings Inc (PS:GTCAP) fell to 3-years lows; down 4.12% or 35.00 to 815.00. Shares in Security Bank Corp (PS:SECB) fell to 52-week lows; down 4.01% or 7.60 to 182.00.

Gold Futures for December delivery was up 0.32% or 3.90 to $1212.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.55% or 0.38 to hit $68.97 a barrel, while the November Brent oil contract rose 0.33% or 0.26 to trade at $78.44 a barrel.

CNY/PHP was down 0.27% to 7.8759, while USD/PHP fell 0.00% to 53.983.

The US Dollar Index Futures was down 0.10% at 94.44.

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