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 Monday, as losses in the Property , Services and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.31%.

The biggest gainers of the session on the PSEi Composite were Metropolitan Bank and Trust Co (PS: MBT ), which rose 4.14% or 2.90 points to trade at 72.90 at the close. Metro Pacific Investments Corp (PS: MPI ) added 3.02% or 0.130 points to end at 4.430 and Megaworld Corp (PS: MEG ) was up 2.17% or 0.100 points to 4.700 in late trade.

Biggest losers included Aboitiz Power Corp (PS: AP ), which lost 2.15% or 0.80 points to trade at 36.35 in late trade. PLDT Inc (PS: TEL ) declined 2.04% or 28.00 points to end at 1344.00 and JG Summit Holdings Inc (PS: JGS ) shed 1.85% or 1.000 points to 53.000.

Advancing stocks outnumbered falling ones by 92 to 86 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.07% or 0.90 to $1230.20 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.15% or 0.10 to hit $68.36 a barrel, while the September Brent oil contract rose 0.29% or 0.21 to trade at $73.28 a barrel.

CNY/PHP was down 0.02% to 7.8744, while USD/PHP rose 0.22% to 53.441.

The US Dollar Index Futures was down 0.11% at 94.15.

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