🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Philippines shares lower at close of trade; PSEi Composite down 0.83%

Published 2018/10/10, 10:35
Philippines shares lower at close of trade; PSEi Composite down 0.83%
PSI
-
PSFI
-
PSPR
-
PSHO
-
AP
-
JGS
-
MER
-
RLC
-
LTG
-
PGOLD
-

Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Banking & Financials, Holding Firms and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.83% to hit a new 3-month low.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS:MER), which rose 4.14% or 14.20 points to trade at 357.20 at the close. Robinsons Land Corp (PS:RLC) added 2.48% or 0.500 points to end at 20.700 and Puregold Price Club Inc (PS:PGOLD) was up 1.33% or 0.550 points to 42.000 in late trade.

Biggest losers included Aboitiz Power Corp (PS:AP), which lost 4.12% or 1.40 points to trade at 32.60 in late trade. LT Group Inc (PS:LTG) declined 3.69% or 0.500 points to end at 13.060 and JG Summit Holdings Inc (PS:JGS) shed 3.09% or 1.500 points to 47.000.

Declining stocks outnumbered rising ones by 136 to 56 and 49 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.07% or 0.80 to $1190.70 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.35% or 0.26 to hit $74.70 a barrel, while the December Brent oil contract fell 0.29% or 0.25 to trade at $84.75 a barrel.

CNY/PHP was down 0.09% to 7.8295, while USD/PHP rose 0.05% to 54.180.

The US Dollar Index Futures was up 0.04% at 95.40.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.