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Philippines stocks decline at close of trade
On Monday, Philippines stocks edged down after the close because losses in the Services, Banking & Financials as well as Mining & Oil sectors suppressed stocks.
The PSEi Composite sagged 0.73% hitting a fresh 1-month minimum.
On the PSEi Composite the best performers included First Gen Corp, Energy Development Corp and Universal Robina Corp. They jumped respectively 4.82%, 1.83% and 0.76%.
Meanwhile, the worst performers were represented by International Container Terminal Services Inc, Petron Corp and Globe Telecom Inc. They went down respectively 3.29%, 2.60% and 2.56%.
Diving equities outperformed rallying ones on the Philippines Stock Exchange by 119 to 67, while 55 were intact.
The currency pair CNY/PHP managed to grow 0.78% showing an outcome of 7.6585. At the same time the currency pair USD/PHP edged up 0.85% being worth 50.685.
As for the US Dollar Index Futures, it tacked on 0.31% trading at 93.10.
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Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!