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Philippines stocks lower at close of trade; PSEi Composite down 1.82%

Published 03/02/2016, 07:35 pm
Philippines stocks lower at close of trade; PSEi Composite down 1.82%

Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Services, Holding Firms and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite lost 1.82%.

The best performers of the session on the PSEi Composite were San Miguel Cor (PS:SMC), which rose 1.27% or 0.900 points to trade at 71.900 at the close. Meanwhile, Robinsons Land (PS:RLC) added 1.24% or 0.300 points to end at 24.500 and Philex Mining (PS:PX) was up 0.24% or 0.010 points to 4.120 in late trade.

The worst performers of the session were Energy Develop (PS:EDC), which fell 5.16% or 0.280 points to trade at 5.150 at the close. Megaworld Corp (PS:MEG) declined 4.66% or 0.160 points to end at 3.270 and Bloomberry Res (PS:BLOOM) was down 4.49% or 0.200 points to 4.250.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 127 to 54 and 13 ended unchanged.

Gold for April delivery was down 0.10% or 1.10 to $1126.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.95% or 0.28 to hit $30.16 a barrel, while the April Brent oil contract rose 0.63% or 0.20 to trade at $32.92 a barrel.

CNY/PHP was down 0.09% to 7.2765, while USD/PHP fell 0.10% to 47.875.

The US Dollar Index was up 0.02% at 98.89.

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