Philippines stocks lower at close of trade; PSEi Composite down 0.09%

Philippines stocks lower at close of trade; PSEi Composite down 0.09%

Apr 23, 2018

Investing.com – Philippines stocks were lower after the close on Monday, as losses in the Mining&Oil, Services and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.09%.

The best performers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 2.31% or 0.280 points to trade at 12.380 at the close. Meanwhile, Metropolitan Bank and Trust Co (PS:MBT) added 1.99% or 1.65 points to end at 84.55 and Bank of the Philippine Islands (PS:BPI) was up 1.89% or 2.00 points to 108.00 in late trade.

The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 3.45% or 0.160 points to trade at 4.480 at the close. Robinsons Land Corp (PS:RLC) declined 3.09% or 0.580 points to end at 18.160 and BDO Unibank Inc (PS:BDO) was down 2.31% or 3.10 points to 130.90.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 103 to 88 and 57 ended unchanged.

Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; losing 3.45% or 0.160 to 4.480. Shares in Robinsons Land Corp (PS:RLC) fell to 5-year lows; losing 3.09% or 0.580 to 18.160.

Gold Futures for June delivery was down 0.46% or 6.10 to $1332.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.63% or 0.43 to hit $67.97 a barrel, while the June Brent oil contract fell 0.57% or 0.42 to trade at $73.64 a barrel.

CNY/PHP was up 0.20% to 8.3012, while USD/PHP rose 0.38% to 52.335.

The US Dollar Index Futures was up 0.24% at 90.30.

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