Philippines stocks higher at close of trade; PSEi Composite up 0.28%

Philippines stocks higher at close of trade; PSEi Composite up 0.28%

Aug 30, 2018

Philippines stocks were higher after the close on Thursday, as gains in the Holding Firms, Banking&Financials and Mining&Oil sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 0.28% to hit a new 3-months high.

The best performers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 5.36% or 0.280 points to trade at 5.500 at the close. Meanwhile, GT Capital Holdings Inc (PS:GTCAP) added 4.46% or 38.00 points to end at 890.00 and DMCI Holdings Inc (PS:DMC) was up 2.52% or 0.300 points to 12.200 in late trade.

The worst performers of the session were PLDT Inc (PS:TEL), which fell 1.06% or 15.00 points to trade at 1400.00 at the close. Universal Robina Corp (PS:URC) declined 0.99% or 1.40 points to end at 140.60 and Aboitiz Power Corp (PS:AP) was down 0.96% or 0.35 points to 36.15.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 99 to 96 and 48 ended unchanged.

Gold Futures for December delivery was down 0.28% or 3.40 to $1208.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.22% or 0.15 to hit $69.66 a barrel, while the November Brent oil contract rose 0.40% or 0.31 to trade at $77.77 a barrel.

CNY/PHP was down 0.22% to 7.8155, while USD/PHP rose 0.14% to 53.455.

The US Dollar Index Futures was up 0.18% at 94.63.

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