Philippines shares lower at close of trade; PSEi Composite down 0.30%

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Philippines shares lower at close of trade; PSEi Composite down 0.30% – Philippines equities were lower at the close on Monday, as losses in the Property , Banking & Financials and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.30%.

The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS: AGI ), which rose 3.77% or 0.520 points to trade at 14.320 at the close. San Miguel Corp (PS: SMC ) added 3.55% or 6.00 points to end at 175.00 and Universal Robina Corp (PS: URC ) was up 2.51% or 3.50 points to 143.00 in late trade.

Biggest losers included Ayala Corp (PS: AC ), which lost 2.20% or 22.00 points to trade at 978.00 in late trade. Jollibee Foods Corp (PS: JFC ) declined 2.08% or 6.00 points to end at 282.00 and Bank of the Philippine Islands (PS: BPI ) shed 1.87% or 1.75 points to 92.00.

Declining stocks outnumbered rising ones by 100 to 83 and 54 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.41% or 4.90 to $1209.30 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.21% or 0.15 to hit $69.92 a barrel, while the November Brent oil contract rose 0.46% or 0.36 to trade at $78.00 a barrel.

CNY/PHP was up 0.28% to 7.8451, while USD/PHP fell 0.13% to 53.490.

The US Dollar Index Futures was down 0.01% at 95.04.

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