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Philippines shares lower at close of trade; PSEi Composite down 0.84%

Published 30/03/2018, 07:35 pm
Philippines shares lower at close of trade; PSEi Composite down 0.84%
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Investing.com – Philippines equities were lower at the close on Friday, as losses in the Holding Firms, Property and Mining & Oil sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.84%.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 2.08% or 33.00 points to trade at 1622.00 at the close. Bank of the Philippine Islands (PS:BPI) added 1.74% or 2.00 points to end at 117.00 and Jollibee Foods Corp (PS:JFC) was up 1.56% or 4.60 points to 299.00 in late trade.

Biggest losers included San Miguel Corp (PS:SMC), which lost 5.96% or 8.50 points to trade at 134.00 in late trade. SM Investments Corp (PS:SM) declined 3.27% or 31.00 points to end at 917.00 and Manila Electric Co (PS:MER) shed 3.05% or 10.00 points to 318.00.

Declining stocks outnumbered rising ones by 0 to 0 on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was up 0.06% or 0.80 to $1325.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.79% or 0.51 to hit $64.89 a barrel, while the June Brent oil contract rose 0.04% or 0.03 to trade at $69.44 a barrel.

CNY/PHP was up 0.12% to 8.3121, while USD/PHP fell 0.11% to 52.159.

The US Dollar Index Futures was down 0.01% at 89.75.

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