Philippines stocks decline at close of trade

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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