Philippines stocks higher at close of trade; PSEi Composite up 0.92%

Philippines stocks higher at close of trade; PSEi Composite up 0.92%

Sep 13, 2018

Philippines stocks were higher after the close on Thursday, as gains in the Mining&Oil, Property and Industrials sectors led shares higher.

At the close in Philippines, the PSEi Composite rose 0.92%.

The best performers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 4.94% or 2.550 points to trade at 54.150 at the close. Meanwhile, International Container Terminal Services Inc (PS:ICT) added 3.83% or 3.450 points to end at 93.500 and Jollibee Foods Corp (PS:JFC) was up 2.97% or 8.00 points to 277.00 in late trade.

The worst performers of the session were Megaworld Corp (PS:MEG), which fell 2.77% or 0.120 points to trade at 4.210 at the close. Ayala Corp (PS:AC) declined 2.17% or 20.00 points to end at 900.00 and LT Group Inc (PS:LTG) was down 2.17% or 0.360 points to 16.200.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 120 to 72 and 45 ended unchanged.

Shares in Megaworld Corp (PS:MEG) fell to 52-week lows; falling 2.77% or 0.120 to 4.210. Shares in LT Group Inc (PS:LTG) fell to 52-week lows; losing 2.17% or 0.360 to 16.200.

Gold Futures for December delivery was up 0.12% or 1.40 to $1212.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.39% or 0.98 to hit $69.39 a barrel, while the November Brent oil contract fell 0.85% or 0.68 to trade at $79.06 a barrel.

CNY/PHP was up 0.35% to 7.8989, while USD/PHP rose 0.49% to 54.110.

The US Dollar Index Futures was up 0.06% at 94.88.

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