Philippines shares lower at close of trade; PSEi Composite down 0.17%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 0.17% – Philippines equities were lower at the close on Monday, as losses in the Mining & Oil , Banking & Financials and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.17% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS: GLO ), which rose 7.12% or 105.00 points to trade at 1580.00 at the close. Ayala Corp (PS: AC ) added 1.42% or 13.00 points to end at 929.00 and Metro Pacific Investments Corp (PS: MPI ) was up 1.37% or 0.070 points to 5.170 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 5.15% or 1.50 points to trade at 27.65 in late trade. DMCI Holdings Inc (PS: DMC ) declined 4.63% or 0.500 points to end at 10.300 and LT Group Inc (PS: LTG ) shed 3.65% or 0.800 points to 21.100.

Declining stocks outnumbered rising ones by 92 to 89 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.13% or 1.70 to $1313.00 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.96% or 0.67 to hit $70.39 a barrel, while the July Brent oil contract rose 0.84% or 0.63 to trade at $75.50 a barrel.

CNY/PHP was up 0.33% to 8.1518, while USD/PHP rose 0.36% to 51.880.

The US Dollar Index Futures was up 0.19% at 92.60.

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