Philippines stocks lower at close of trade; PSEi Composite down 0.15%

Philippines stocks lower at close of trade; PSEi Composite down 0.15%

May 22, 2018

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

At the close in Philippines, the PSEi Composite lost 0.15%.

The best performers of the session on the PSEi Composite were Manila Electric Co (PS:MER), which rose 2.31% or 7.40 points to trade at 328.40 at the close. Meanwhile, Megaworld Corp (PS:MEG) added 1.96% or 0.090 points to end at 4.680 and Ayala Corp (PS:AC) was up 1.49% or 14.00 points to 954.00 in late trade.

The worst performers of the session were Semirara Mining Corp (PS:SCC), which fell 3.04% or 0.90 points to trade at 28.75 at the close. Metro Pacific Investments Corp (PS:MPI) declined 2.06% or 0.100 points to end at 4.750 and GT Capital Holdings Inc (PS:GTCAP) was down 1.97% or 20.00 points to 995.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 109 to 79 and 44 ended unchanged.

Gold Futures for June delivery was up 0.19% or 2.40 to $1293.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.44% or 0.32 to hit $72.67 a barrel, while the July Brent oil contract rose 0.67% or 0.53 to trade at $79.75 a barrel.

CNY/PHP was up 0.16% to 8.2123, while USD/PHP fell 0.08% to 52.305.

The US Dollar Index Futures was down 0.19% at 93.28.

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