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Philippines stocks lower at close of trade; PSEi Composite down 1.87%

Published 04/17/2018, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.87%
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Investing.com – Philippines stocks were lower after the close on Tuesday, as losses in the Banking & Financials, Mining & Oil and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 1.87% to hit a new 6-months low.

The best performers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 1.95% or 0.180 points to trade at 9.390 at the close. Meanwhile, Aboitiz Equity Ventures Inc (PS:AEV) added 1.91% or 1.300 points to end at 69.500 and First Gen Corp (PS:FGEN) was up 0.86% or 0.14 points to 16.46 in late trade.

The worst performers of the session were Megaworld Corp (PS:MEG), which fell 4.97% or 0.230 points to trade at 4.400 at the close. LT Group Inc (PS:LTG) declined 4.87% or 0.940 points to end at 18.360 and Universal Robina Corp (PS:URC) was down 4.62% or 6.60 points to 136.40.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 161 to 56 and 34 ended unchanged.

Gold Futures for June delivery was down 0.42% or 5.70 to $1345.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.08% or 0.05 to hit $66.17 a barrel, while the June Brent oil contract fell 0.08% or 0.06 to trade at $71.36 a barrel.

CNY/PHP was up 0.37% to 8.2967, while USD/PHP rose 0.16% to 52.115.

The US Dollar Index Futures was down 0.10% at 89.05.

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