Philippines stocks higher at close of trade; PSEi Composite up 1.01%

Philippines stocks higher at close of trade; PSEi Composite up 1.01%

Aug 28, 2018

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

At the close in Philippines, the PSEi Composite rose 1.01%.

The best performers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 5.65% or 3.100 points to trade at 57.950 at the close. Meanwhile, Manila Electric Co (PS:MER) added 3.83% or 14.00 points to end at 380.00 and Globe Telecom Inc (PS:GLO) was up 3.50% or 70.00 points to 2068.00 in late trade.

The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 4.76% or 2.700 points to trade at 54.000 at the close. San Miguel Corp (PS:SMC) declined 3.32% or 5.70 points to end at 166.10 and Petron Corp (PS:PCOR) was down 1.00% or 0.090 points to 8.910.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 113 to 91 and 38 ended unchanged.

Gold Futures for December delivery was up 0.27% or 3.30 to $1219.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.15% or 0.10 to hit $68.97 a barrel, while the November Brent oil contract rose 0.44% or 0.34 to trade at $76.84 a barrel.

CNY/PHP was up 0.08% to 7.8323, while USD/PHP rose 0.00% to 53.328.

The US Dollar Index Futures was down 0.07% at 94.60.

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