Philippines stocks lower at close of trade; PSEi Composite down 0.01%

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Philippines stocks lower at close of trade; PSEi Composite down 0.01%Philippines stocks lower at close of trade; PSEi Composite down 0.01%

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

At the close in Philippines, the PSEi Composite lost 0.01%.

The best performers of the session on the PSEi Composite were San Miguel Corp (PS:SMC), which rose 7.49% or 8.00 points to trade at 114.80 at the close. Meanwhile, Metropolitan Bank and Trust Co (PS:MBT) added 3.24% or 2.95 points to end at 94.00 and Robinsons Land Corp (PS:RLC) was up 2.19% or 0.550 points to 25.700 in late trade.

The worst performers of the session were Universal Robina Corp (PS:URC), which fell 4.12% or 6.00 points to trade at 139.50 at the close. SM Investments Corp (PS:SM) declined 2.30% or 23.00 points to end at 975.00 and Alliance Global Group Inc (PS:AGI) was down 0.87% or 0.140 points to 15.960.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 103 to 87 and 54 ended unchanged.

Shares in San Miguel Corp (PS:SMC) rose to 3-years highs; up 7.49% or 8.00 to 114.80.

Gold Futures for December delivery was down 0.30% or 3.80 to $1277.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.49% or 0.28 to hit $57.63 a barrel, while the January Brent oil contract rose 0.50% or 0.32 to trade at $64.59 a barrel.

CNY/PHP was up 0.63% to 7.7548, while USD/PHP rose 0.23% to 51.400.

The US Dollar Index Futures was up 0.30% at 94.90.

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