Philippines shares lower at close of trade; PSEi Composite down 0.03%

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Philippines shares lower at close of trade; PSEi Composite down 0.03% – Philippines equities were lower at the close on Monday, as losses in the Banking & Financials , Services and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.03%.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 5.59% or 8.10 points to trade at 153.00 at the close. Robinsons Land Corp (PS: RLC ) added 2.89% or 0.600 points to end at 21.350 and GT Capital Holdings Inc (PS: GTCAP ) was up 2.13% or 18.50 points to 889.00 in late trade.

Biggest losers included LT Group Inc (PS: LTG ), which lost 2.59% or 0.440 points to trade at 16.540 in late trade. Aboitiz Power Corp (PS: AP ) declined 2.03% or 0.75 points to end at 36.25 and Bank of the Philippine Islands (PS: BPI ) shed 1.74% or 1.55 points to 87.65.

Declining stocks outnumbered rising ones by 123 to 62 and 54 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.10% or 1.20 to $1199.20 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.02% or 0.69 to hit $68.44 a barrel, while the November Brent oil contract rose 1.24% or 0.95 to trade at $77.78 a barrel.

CNY/PHP was down 0.24% to 7.8549, while USD/PHP rose 0.06% to 53.929.

The US Dollar Index Futures was down 0.07% at 95.31.

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