Philippines stocks higher at close of trade; PSEi Composite up 0.93%

Jul 30, 2018

Philippines stocks were higher after the close on Monday, as gains in the Holding Firms, Services and Industrials sectors led shares higher.

At the close in Philippines, the PSEi Composite added 0.93% to hit a new 1-month high.

The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 5.94% or 1.040 points to trade at 18.540 at the close. Meanwhile, International Container Terminal Services Inc (PS:ICT) added 5.80% or 4.850 points to end at 88.400 and Aboitiz Equity Ventures Inc (PS:AEV) was up 5.00% or 2.750 points to 57.750 in late trade.

The worst performers of the session were BDO Unibank Inc (PS:BDO), which fell 2.19% or 3.00 points to trade at 134.00 at the close. Bank of the Philippine Islands (PS:BPI) declined 1.09% or 1.10 points to end at 99.90 and Security Bank Corp (PS:SECB) was down 0.49% or 1.00 points to 205.00.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 98 to 89 and 56 ended unchanged.

Gold Futures for August delivery was down 0.20% or 2.40 to $1220.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.95% or 0.65 to hit $69.34 a barrel, while the October Brent oil contract rose 0.28% or 0.21 to trade at $74.97 a barrel.

CNY/PHP was down 0.25% to 7.7909, while USD/PHP rose 0.06% to 53.185.

The US Dollar Index Futures was down 0.08% at 94.39.