Philippines shares lower at close of trade; PSEi Composite down 1.24%

Philippines shares lower at close of trade; PSEi Composite down 1.24%

Investing.com  | Oct 02, 2018 09:35

Philippines shares lower at close of trade; PSEi Composite down 1.24%

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

At the close in Philippines, the PSEi Composite lost 1.24% to hit a new 3-month low.

The biggest gainers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 3.21% or 0.270 points to trade at 8.670 at the close. First Gen Corp (PS:FGEN) added 3.13% or 0.50 points to end at 16.50 and Manila Electric Co (PS:MER) was up 3.07% or 10.20 points to 342.00 in late trade.

Biggest losers included Semirara Mining Corp (PS:SCC), which lost 5.77% or 1.50 points to trade at 24.50 in late trade. SM Prime Holdings Inc (PS:SMPH) declined 5.05% or 1.800 points to end at 33.850 and Megaworld Corp (PS:MEG) shed 5.02% or 0.220 points to 4.160.

Declining stocks outnumbered rising ones by 109 to 73 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.48% or 5.70 to $1197.40 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.33% or 0.25 to hit $75.55 a barrel, while the December Brent oil contract fell 0.06% or 0.05 to trade at $84.93 a barrel.

CNY/PHP was up 0.26% to 7.8995, while USD/PHP rose 0.11% to 54.310.

The US Dollar Index Futures was up 0.35% at 95.25.

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