Philippines shares lower at close of trade; PSEi Composite down 1.36%

Philippines shares lower at close of trade; PSEi Composite down 1.36%  | Sep 25, 2018 09:35

Philippines shares lower at close of trade; PSEi Composite down 1.36% – Philippines equities were lower at the close on Tuesday, as losses in the Property, Banking & Financials and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.36%.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 2.57% or 1.400 points to trade at 55.800 at the close. Aboitiz Equity Ventures Inc (PS:AEV) added 1.69% or 0.850 points to end at 51.250 and Petron Corp (PS:PCOR) was up 0.89% or 0.080 points to 9.100 in late trade.

Biggest losers included Puregold Price Club Inc (PS:PGOLD), which lost 4.03% or 1.850 points to trade at 44.000 in late trade. Bank of the Philippine Islands (PS:BPI) declined 3.63% or 3.20 points to end at 85.00 and SM Prime Holdings Inc (PS:SMPH) shed 3.51% or 1.300 points to 35.700.

Declining stocks outnumbered rising ones by 99 to 79 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.11% or 1.30 to $1203.10 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.65% or 0.47 to hit $72.55 a barrel, while the December Brent oil contract rose 0.91% or 0.73 to trade at $81.26 a barrel.

CNY/PHP was down 0.21% to 7.8953, while USD/PHP rose 0.13% to 54.391.

The US Dollar Index Futures was up 0.02% at 93.87.

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