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

Philippine Inflation Approaching 7% Signals More Rate Hikes

Philippines stocks lower at close of trade; PSEi Composite down 0.83% – Philippines stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Philippines, the declined 0.83% to hit a new 3-months low.

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

The worst performers of the session were Aboitiz Power Corp (PS:), which fell 4.12% or 1.40 points to trade at 32.60 at the close. LT Group Inc (PS:) declined 3.69% or 0.500 points to end at 13.060 and JG Summit Holdings Inc (PS:) was down 3.09% or 1.500 points to 47.000.

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

Shares in Aboitiz Power Corp (PS:) fell to 3-years lows; falling 4.12% or 1.40 to 32.60. Shares in LT Group Inc (PS:) fell to 52-week lows; down 3.69% or 0.500 to 13.060.

Gold Futures for December delivery was down 0.07% or 0.80 to $1190.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.36% or 0.27 to hit $74.69 a barrel, while the December Brent oil contract fell 0.31% or 0.26 to trade at $84.74 a barrel.

CNY/PHP was down 0.08% to 7.8300, while USD/PHP rose 0.08% to 54.195.

The US Dollar Index Futures was up 0.03% at 95.39.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here