Philippines stocks higher at close of trade; PSEi Composite up 0.21%

Philippines stocks higher at close of trade; PSEi Composite up 0.21%

May 10, 2018

Investing.com – Philippines stocks were higher after the close on Thursday, as gains in the Banking&Financials, Services and Property sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 0.21%.

The best performers of the session on the PSEi Composite were Metropolitan Bank and Trust Co (PS:MBT), which rose 2.58% or 2.10 points to trade at 83.60 at the close. Meanwhile, PLDT Inc (PS:TEL) added 2.53% or 34.00 points to end at 1376.00 and DMCI Holdings Inc (PS:DMC) was up 2.37% or 0.240 points to 10.380 in late trade.

The worst performers of the session were Globe Telecom Inc (PS:GLO), which fell 3.43% or 60.00 points to trade at 1690.00 at the close. SM Investments Corp (PS:SM) declined 1.58% or 14.50 points to end at 905.50 and Jollibee Foods Corp (PS:JFC) was down 1.13% or 3.20 points to 279.80.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 105 to 84 and 55 ended unchanged.

Gold Futures for June delivery was up 0.01% or 0.10 to $1313.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.66% or 0.47 to hit $71.61 a barrel, while the July Brent oil contract rose 0.58% or 0.45 to trade at $77.66 a barrel.

CNY/PHP was up 0.25% to 8.1669, while USD/PHP fell 0.17% to 51.931.

The US Dollar Index Futures was down 0.08% at 92.88.

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