Philippines stocks higher at close of trade; PSEi Composite up 3.48%

Philippines stocks higher at close of trade; PSEi Composite up 3.48%

Sep 21, 2018

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

At the close in Philippines, the PSEi Composite gained 3.48%.

The best performers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 7.58% or 8.50 points to trade at 120.60 at the close. Meanwhile, Alliance Global Group Inc (PS:AGI) added 7.44% or 0.900 points to end at 13.000 and Aboitiz Equity Ventures Inc (PS:AEV) was up 6.35% or 2.800 points to 46.900 in late trade.

The worst performers of the session were Robinsons Land Corp (PS:RLC), which fell 3.69% or 0.720 points to trade at 18.780 at the close. Metro Pacific Investments Corp (PS:MPI) declined 1.60% or 0.080 points to end at 4.920 and LT Group Inc (PS:LTG) was down 1.57% or 0.240 points to 15.000.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 115 to 84 and 42 ended unchanged.

Shares in LT Group Inc (PS:LTG) fell to 52-week lows; down 1.57% or 0.240 to 15.000.

Gold Futures for December delivery was up 0.13% or 1.60 to $1212.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.68% or 0.48 to hit $70.80 a barrel, while the November Brent oil contract rose 0.84% or 0.66 to trade at $79.36 a barrel.

CNY/PHP was up 0.10% to 7.8990, while USD/PHP fell 0.05% to 54.026.

The US Dollar Index Futures was up 0.04% at 93.51.

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