Wednesday, September 19, 2018

Philippines stocks higher at close of trade; PSEi Composite up 0.53%Philippines stocks higher at close of trade; PSEi Composite up 0.53% – Philippines stocks were higher after the close on Thursday, as gains in the Property, Industrials and Holding Firms sectors led shares higher.

At the close in Philippines, the PSEi Composite gained 0.53% to hit a new all time high.

The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 3.40% or 4.90 points to trade at 148.90 at the close. Meanwhile, SM Prime Holdings Inc (PS:SMPH) added 3.01% or 1.050 points to end at 35.950 and Ayala Corp (PS:AC) was up 2.38% or 25.00 points to 1077.00 in late trade.

The worst performers of the session were Globe Telecom Inc (PS:GLO), which fell 2.17% or 46.00 points to trade at 2072.00 at the close. Bank of the Philippine Islands (PS:BPI) declined 1.57% or 1.60 points to end at 100.00 and PLDT Inc (PS:TEL) was down 1.54% or 26.00 points to 1664.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 120 to 83 and 49 ended unchanged.

Shares in SM Prime Holdings Inc (PS:SMPH) rose to all time highs; gaining 3.01% or 1.050 to 35.950. Shares in Ayala Corp (PS:AC) rose to all time highs; gaining 2.38% or 25.00 to 1077.00.

Gold Futures for December delivery was up 0.78% or 10.04 to $1298.94 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.76% or 0.39 to hit $50.91 a barrel, while the December Brent oil contract fell 0.49% or 0.28 to trade at $56.66 a barrel.

CNY/PHP was up 0.15% to 7.8019, while USD/PHP rose 0.10% to 51.414.

The US Dollar Index Futures was down 0.02% at 92.77.

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