Philippines shares lower at close of trade; PSEi Composite down 0.48%

Philippines shares lower at close of trade; PSEi Composite down 0.48%  | Aug 24, 2018 09:35

Philippines shares lower at close of trade; PSEi Composite down 0.48% – Philippines equities were lower at the close on Friday, as losses in the Banking & Financials, Property and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.48%.

The biggest gainers of the session on the PSEi Composite were San Miguel Corp (PS:SMC), which rose 7.38% or 11.80 points to trade at 171.80 at the close. First Gen Corp (PS:FGEN) added 1.54% or 0.24 points to end at 15.80 and Universal Robina Corp (PS:URC) was up 1.42% or 2.00 points to 143.00 in late trade.

Biggest losers included Megaworld Corp (PS:MEG), which lost 5.26% or 0.260 points to trade at 4.680 in late trade. Bank of the Philippine Islands (PS:BPI) declined 3.24% or 3.10 points to end at 92.70 and GT Capital Holdings Inc (PS:GTCAP) shed 2.79% or 25.00 points to 870.00.

Declining stocks outnumbered rising ones by 121 to 74 and 54 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.21% or 2.50 to $1196.50 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.83% or 0.56 to hit $68.39 a barrel, while the October Brent oil contract rose 0.71% or 0.53 to trade at $75.26 a barrel.

CNY/PHP was down 0.14% to 7.7747, while USD/PHP fell 0.14% to 53.475.

The US Dollar Index Futures was down 0.15% at 95.41.

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