Philippines stocks lower at close of trade; PSEi Composite down 1.89%
Investing.com
Published Mar 23, 2018 04:35AM ET
Philippines stocks lower at close of trade; PSEi Composite down 1.89%
Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Holding Firms, Property and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.89%.
The best performers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 2.25% or 0.450 points to trade at 20.450 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 0.50% or 0.026 points to end at 5.200 and Jollibee Foods Corp (PS:JFC) was up 0.42% or 1.20 points to 288.00 in late trade.
The worst performers of the session were Ayala Land Inc (PS:ALI), which fell 3.81% or 1.600 points to trade at 40.350 at the close. GT Capital Holdings Inc (PS:GTCAP) declined 3.23% or 39.00 points to end at 1170.00 and SM Investments Corp (PS:SM) was down 3.16% or 31.00 points to 949.00.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 141 to 67 and 39 ended unchanged.
Shares in Metro Pacific Investments Corp (PS:MPI) rose to 52-week lows; rising 0.50% or 0.026 to 5.200.
Gold Futures for April delivery was up 0.96% or 12.80 to $1340.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.82% or 0.53 to hit $64.83 a barrel, while the May Brent oil contract rose 0.59% or 0.41 to trade at $69.32 a barrel.
CNY/PHP was up 0.04% to 8.2769, while USD/PHP fell 0.16% to 52.345.
The US Dollar Index Futures was down 0.25% at 89.25.
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Written By: Investing.com
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