Philippines stocks lower at close of trade; PSEi Composite down 0.39%

Aug 09, 2018

Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Banking&Financials and Mining&Oil sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.39%.

The best performers of the session on the PSEi Composite were Energy Development Corp (PS:EDC), which rose 41.41% or 2.050 points to trade at 7.000 at the close. Meanwhile, Robinsons Land Corp (PS:RLC) added 4.48% or 0.900 points to end at 21.000 and First Gen Corp (PS:FGEN) was up 3.64% or 0.56 points to 15.96 in late trade.

The worst performers of the session were Jollibee Foods Corp (PS:JFC), which fell 2.82% or 7.80 points to trade at 269.00 at the close. Globe Telecom Inc (PS:GLO) declined 2.42% or 49.00 points to end at 1975.00 and Metro Pacific Investments Corp (PS:MPI) was down 1.77% or 0.090 points to 4.990.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 119 to 90 and 33 ended unchanged.

Gold Futures for December delivery was down 0.14% or 1.70 to $1219.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.03% or 0.02 to hit $66.92 a barrel, while the October Brent oil contract unchanged 0.00% or 0.00 to trade at $72.28 a barrel.

CNY/PHP was up 0.12% to 7.7741, while USD/PHP fell 0.08% to 53.026.

The US Dollar Index Futures was up 0.20% at 95.14.