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Philippines shares lower at close of trade; PSEi Composite down 0.26%

Published 08/02/2018, 07:35 pm
Philippines shares lower at close of trade; PSEi Composite down 0.26%
PSI
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PSFI
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PSIN
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PSMO
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AEV
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GLO
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MER
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PCOR
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LTG
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URC
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Investing.com – Philippines equities were lower at the close on Thursday, as losses in the Mining & Oil, Industrials and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.26%.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 2.22% or 0.500 points to trade at 23.000 at the close. Aboitiz Equity Ventures Inc (PS:AEV) added 1.51% or 1.100 points to end at 73.950 and Petron Corp (PS:PCOR) was up 1.50% or 0.140 points to 9.490 in late trade.

Biggest losers included Universal Robina Corp (PS:URC), which lost 2.29% or 3.80 points to trade at 162.00 in late trade. Globe Telecom Inc (PS:GLO) declined 2.14% or 40.00 points to end at 1830.00 and Manila Electric Co (PS:MER) shed 1.53% or 5.00 points to 322.00.

Advancing stocks outnumbered falling ones by 107 to 92 and 60 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.14% or 1.80 to $1312.80 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.50% or 0.31 to hit $61.48 a barrel, while the April Brent oil contract fell 0.43% or 0.28 to trade at $65.23 a barrel.

CNY/PHP was down 0.46% to 8.1170, while USD/PHP rose 0.87% to 51.570.

The US Dollar Index Futures was up 0.22% at 90.36.

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