Philippines stocks decline

Philippines stocks decline

On Thursday, Philippines stocks dived after the close because losses in the Services, Mining & Oil as well as Property sectors brought stocks down.

The PSEi Composite went down 0.88%, reaching a fresh 1-month minimum.

On the PSEi Composite the best gainers were Universal Robina Corp, Aboitiz Power Corp and Emperador Inc. They soared respectively 0.94%, 0.65% and 0.53%.     

Losers were represented by PLDT Inc, Globe Telecom Inc and Alliance Global Group Inc, losing respectively 3.59%, 3.32% and 2.78%.       

Diving stocks managed to defeat advancing ones on the Philippines Stock Exchange by 134 to 79, while 38 stood still.

The currency pair CNY/PHP edged up 0.34%, trading at 7.4521, while USD/PHP climbed up 0.05%, trading at 50.530.

As for the US Dollar Index Futures, it inched down 0.29%, being worth 95.50.

Meanwhile, August delivery gold futures slumped 0.16%, trading at a troy ounce. Besides this, August delivery oil futures ascended 0.78%, trading at $45.09 a barrel.

 

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