Philippines shares lower at close of trade; PSEi Composite down 0.89%

Philippines shares lower at close of trade; PSEi Composite down 0.89%

Investing.com  | Sep 19, 2018 09:35

Philippines shares lower at close of trade; PSEi Composite down 0.89%

Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Mining & Oil, Banking & Financials and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.89% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Puregold Price Club Inc (PS:PGOLD), which rose 1.69% or 0.750 points to trade at 45.000 at the close. Petron Corp (PS:PCOR) added 1.58% or 0.140 points to end at 9.010 and SM Prime Holdings Inc (PS:SMPH) was up 1.23% or 0.450 points to 36.950 in late trade.

Biggest losers included DMCI Holdings Inc (PS:DMC), which lost 3.79% or 0.480 points to trade at 12.180 in late trade. Megaworld Corp (PS:MEG) declined 3.63% or 0.150 points to end at 3.980 and Metro Pacific Investments Corp (PS:MPI) shed 3.47% or 0.180 points to 5.000.

Declining stocks outnumbered rising ones by 150 to 37 and 41 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.45% or 5.40 to $1208.30 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.30% or 0.21 to hit $69.80 a barrel, while the November Brent oil contract rose 0.20% or 0.16 to trade at $79.19 a barrel.

CNY/PHP was up 0.09% to 7.8796, while USD/PHP fell 0.04% to 53.989.

The US Dollar Index Futures was down 0.31% at 93.93.

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