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Philippines shares lower at close of trade; PSEi Composite down 0.05%

Published 2017-05-26, 04:35 a/m
Philippines shares lower at close of trade; PSEi Composite down 0.05%
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Investing.com – Philippines equities were lower at the close on Friday, as losses in the Industrials, Mining & Oil and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.05%.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS:MEG), which rose 3.13% or 0.140 points to trade at 4.620 at the close. International Container Terminal Services Inc (PS:ICT) added 1.69% or 1.700 points to end at 102.000 and PLDT Inc (PS:TEL) was up 1.51% or 26.00 points to 1744.00 in late trade.

Biggest losers included LT Group Inc (PS:LTG), which lost 3.45% or 0.580 points to trade at 16.220 in late trade. Jollibee Foods Corp (PS:JFC) declined 2.71% or 5.60 points to end at 201.40 and Manila Electric Co (PS:MER) shed 1.39% or 3.80 points to 270.20.

Advancing stocks outnumbered falling ones by 101 to 94 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.52% or 6.55 to $1262.95 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.47% or 0.23 to hit $49.13 a barrel, while the July Brent oil contract rose 0.60% or 0.31 to trade at $51.77 a barrel.

CNY/PHP was down 0.09% to 7.2498, while USD/PHP fell 0.14% to 49.752.

The US Dollar Index Futures was down 0.13% at 97.01.

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