Philippines shares lower at close of trade; PSEi Composite down 0.15%

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Philippines shares lower at close of trade; PSEi Composite down 0.15% – Philippines equities were lower at the close on Tuesday, as losses in the Mining & Oil , Banking & Financials and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.15%.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS: MER ), which rose 2.31% or 7.40 points to trade at 328.40 at the close. Megaworld Corp (PS: MEG ) added 1.96% or 0.090 points to end at 4.680 and Ayala Corp (PS: AC ) was up 1.49% or 14.00 points to 954.00 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 3.04% or 0.90 points to trade at 28.75 in late trade. Metro Pacific Investments Corp (PS: MPI ) declined 2.06% or 0.100 points to end at 4.750 and GT Capital Holdings Inc (PS: GTCAP ) shed 1.97% or 20.00 points to 995.00.

Declining stocks outnumbered rising ones by 109 to 79 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.17% or 2.20 to $1293.10 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.44% or 0.32 to hit $72.67 a barrel, while the July Brent oil contract rose 0.64% or 0.51 to trade at $79.73 a barrel.

CNY/PHP was up 0.17% to 8.2129, while USD/PHP fell 0.08% to 52.305.

The US Dollar Index Futures was down 0.17% at 93.30.

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