Philippines equities decline at close of trade

Philippines equities decline at close of trade

On Thursday, Philippines stocks slumped after the close because losses in the Property, Holding Firms as well as Services sectors suppressed stocks.

The PSEi Composite went down 1.20%.

On the PSEi Composite such benchmarks as GT Capital Holdings Inc, San Miguel Corp and Petron Corp became the top notch performers, ascending respectively 4.92%, 3.13% and 0.98%.

On the contrary, the worst performers were represented by PLDT Inc, Metro Pacific Investments Corp and Ayala Land Inc. They dived respectively 3.45%, 3.22% and 2.85%.

On the Philippines Stock Exchange diving equities outnumbered soaring ones by 120 to 89, while 53 were intact.

Stocks in GT Capital Holdings Inc tacked on to 52-week maximums, adding 4.92% to 1450.00. Equities in PLDT Inc sank to 52-week minimums, sliding 3.45% hitting 1400.00. As for equities in San Miguel Corp, they inched up to 5-year peaks, gaining 3.13% to 132.00.

The currency pair CNY/PHP decreased 0.21% being worth 7.7414, USD/PHP gained 0.02% trading at 50.396.

 

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