Philippines shares lower at close of trade; PSEi Composite down 0.39%

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Philippines shares lower at close of trade; PSEi Composite down 0.39%

Investing.com – Philippines equities were lower at the close on Monday, as losses in the Industrials , Holding Firms and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.39% to hit a new 3-month low.

The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS: MPI ), which rose 3.99% or 0.190 points to trade at 4.950 at the close. DMCI Holdings Inc (PS: DMC ) added 2.73% or 0.320 points to end at 12.040 and Globe Telecom Inc (PS: GLO ) was up 2.64% or 60.00 points to 2330.00 in late trade.

Biggest losers included Puregold Price Club Inc (PS: PGOLD ), which lost 4.09% or 1.800 points to trade at 42.200 in late trade. Manila Electric Co (PS: MER ) declined 4.04% or 14.40 points to end at 341.60 and GT Capital Holdings Inc (PS: GTCAP ) shed 3.14% or 24.00 points to 740.00.

Declining stocks outnumbered rising ones by 113 to 72 and 56 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.74% or 8.90 to $1196.70 a troy ounce. Meanwhile, Crude oil for delivery in November fell 1.24% or 0.92 to hit $73.42 a barrel, while the December Brent oil contract fell 1.45% or 1.22 to trade at $82.94 a barrel.

CNY/PHP was up 0.08% to 7.8946, while USD/PHP rose 0.12% to 54.250.

The US Dollar Index Futures was up 0.33% at 95.62.

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