Philippines stocks lower at close of trade; PSEi Composite down 0.07%

Philippines stocks lower at close of trade; PSEi Composite down 0.07%

May 25, 2018

Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Banking&Financials, Property and Services sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.07%.

The best performers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 2.20% or 1.300 points to trade at 60.300 at the close. Meanwhile, Universal Robina Corp (PS:URC) added 2.03% or 2.70 points to end at 135.70 and Robinsons Land Corp (PS:RLC) was up 2.01% or 0.400 points to 20.300 in late trade.

The worst performers of the session were Security Bank Corp (PS:SECB), which fell 4.00% or 8.00 points to trade at 192.00 at the close. Megaworld Corp (PS:MEG) declined 2.28% or 0.110 points to end at 4.710 and Bank of the Philippine Islands (PS:BPI) was down 2.02% or 2.00 points to 97.00.

Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 95 to 92 and 55 ended unchanged.

Gold Futures for June delivery was down 0.01% or 0.10 to $1304.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.83% or 0.59 to hit $70.12 a barrel, while the July Brent oil contract fell 1.31% or 1.03 to trade at $77.76 a barrel.

CNY/PHP was up 0.51% to 8.2404, while USD/PHP rose 0.15% to 52.626.

The US Dollar Index Futures was up 0.04% at 93.76.

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