Philippines stocks lower at close of trade; PSEi Composite down 0.78%

Philippines stocks lower at close of trade; PSEi Composite down 0.78%
Stock Market
Thursday, January 12, 2017 - 08:35

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

At the close in Philippines, the PSEi Composite lost 0.78%.

The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 1.81% or 3.100 points to trade at 174.000 at the close. Meanwhile, Petron Corp (PS:PCOR) added 1.23% or 0.120 points to end at 9.860 and Aboitiz Power Corp (PS:AP) was up 1.04% or 0.45 points to 43.80 in late trade.

The worst performers of the session were PLDT Inc (PS:TEL), which fell 4.15% or 65.00 points to trade at 1500.00 at the close. SM Prime Holdings Inc (PS:SMPH) declined 2.58% or 0.800 points to end at 30.200 and Robinsons Land Corp (PS:RLC) was down 2.57% or 0.700 points to 26.500.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 112 to 69 and 62 ended unchanged.

Gold for February delivery was up 0.53% or 6.40 to $1203.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.27% or 0.14 to hit $52.39 a barrel, while the March Brent oil contract rose 0.58% or 0.32 to trade at $55.42 a barrel.

CNY/PHP was down 0.41% to 7.1198, while USD/PHP fell 0.45% to 49.390.

The US Dollar Index was down 0.71% at 100.98.

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