Philippines shares lower at close of trade; PSEi Composite down 0.31%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 0.31% – Philippines equities were lower at the close on Tuesday, as losses in the Mining & Oil , Property and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.31% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS: MER ), which rose 2.77% or 9.00 points to trade at 334.00 at the close. JG Summit Holdings Inc (PS: JGS ) added 1.55% or 1.000 points to end at 65.700 and International Container Terminal Services Inc (PS: ICT ) was up 1.38% or 1.500 points to 110.000 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 2.36% or 0.85 points to trade at 35.10 in late trade. Universal Robina Corp (PS: URC ) declined 2.14% or 3.30 points to end at 150.60 and Emperador Inc (PS: EMP ) shed 1.99% or 0.150 points to 7.400.

Declining stocks outnumbered rising ones by 119 to 97 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was up 0.27% or 3.50 to $1323.40 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.02% or 0.01 to hit $62.58 a barrel, while the May Brent oil contract fell 0.11% or 0.07 to trade at $65.47 a barrel.

CNY/PHP was up 0.24% to 8.2020, while USD/PHP fell 0.01% to 52.007.

The US Dollar Index Futures was down 0.02% at 89.94.

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