🔺 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 1.16%

Published 16-03-2016, 02:05 pm
Philippines shares lower at close of trade; PSEi Composite down 1.16%
PSI
-
PSIN
-
PSMO
-
PSPR
-
BLOOM
-
ALI
-
BPI
-
MBT
-
MEG
-
RLC
-

Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Property, Mining & Oil and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 1.16%.

The biggest gainers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 2.72% or 0.140 points to trade at 5.280 at the close. Metropolitan Bank and Trust Co (PS:MBT) added 1.02% or 0.85 points to end at 84.35 and Bank of the Philippine Islands (PS:BPI) was up 0.93% or 0.80 points to 86.80 in late trade.

Biggest losers included Megaworld Corp (PS:MEG), which lost 4.36% or 0.180 points to trade at 3.950 in late trade. Robinsons Land Corp (PS:RLC) declined 4.03% or 1.150 points to end at 27.400 and Ayala Land Inc (PS:ALI) shed 3.55% or 1.250 points to 34.000.

Declining stocks outnumbered rising ones by 109 to 69 and 26 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for April delivery was up 0.06% or 0.80 to $1231.80 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.10% or 0.40 to hit $36.74 a barrel, while the May Brent oil contract rose 0.46% or 0.18 to trade at $38.92 a barrel.

CNY/PHP was down 0.01% to 7.1744, while USD/PHP rose 0.12% to 46.800.

The US Dollar Index was up 0.26% at 96.91.

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.