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Philippines stocks lower at close of trade; PSEi Composite down 0.56%

Stock MarketsApr 25, 2018 04:35AM ET
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Philippines stocks lower at close of trade; PSEi Composite down 0.56%

Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Services, Industrials and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 0.56% to hit a new 52-week low.

The best performers of the session on the PSEi Composite were SM Prime Holdings Inc (PS:SMPH), which rose 1.23% or 0.400 points to trade at 32.900 at the close. Meanwhile, Aboitiz Power Corp (PS:AP) added 1.18% or 0.45 points to end at 38.45 and Ayala Corp (PS:AC) was up 0.94% or 8.50 points to 908.50 in late trade.

The worst performers of the session were Manila Electric Co (PS:MER), which fell 3.88% or 12.40 points to trade at 307.00 at the close. International Container Terminal Services Inc (PS:ICT) declined 3.77% or 3.350 points to end at 85.400 and Robinsons Land Corp (PS:RLC) was down 3.21% or 0.580 points to 17.500.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 125 to 61 and 48 ended unchanged.

Shares in International Container Terminal Services Inc (PS:ICT) fell to 52-week lows; falling 3.77% or 3.350 to 85.400. Shares in Robinsons Land Corp (PS:RLC) fell to 5-year lows; losing 3.21% or 0.580 to 17.500.

Gold Futures for June delivery was down 0.55% or 7.30 to $1325.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.24% or 0.16 to hit $67.86 a barrel, while the June Brent oil contract rose 0.19% or 0.14 to trade at $74.00 a barrel.

CNY/PHP was down 0.00% to 8.2817, while USD/PHP rose 0.28% to 52.354.

The US Dollar Index Futures was up 0.31% at 90.84.

Philippines stocks lower at close of trade; PSEi Composite down 0.56%
 

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