Philippines shares lower at close of trade; PSEi Composite down 0.49%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 0.49% – Philippines equities were lower at the close on Friday, as losses in the Services , Holding Firms and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.49% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 1.95% or 2.20 points to trade at 115.00 at the close. Ayala Land Inc (PS: ALI ) added 1.35% or 0.500 points to end at 37.550 and SM Prime Holdings Inc (PS: SMPH ) was up 1.06% or 0.350 points to 33.250 in late trade.

Biggest losers included Robinsons Land Corp (PS: RLC ), which lost 3.32% or 0.640 points to trade at 18.620 in late trade. Aboitiz Equity Ventures Inc (PS: AEV ) declined 2.89% or 1.650 points to end at 55.350 and Alliance Global Group Inc (PS: AGI ) shed 2.76% or 0.340 points to 12.000.

Declining stocks outnumbered rising ones by 128 to 75 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.04% or 0.50 to $1270.00 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.17% or 0.77 to hit $66.31 a barrel, while the August Brent oil contract rose 1.37% or 1.00 to trade at $74.05 a barrel.

CNY/PHP was down 0.17% to 8.2047, while USD/PHP fell 0.00% to 53.323.

The US Dollar Index Futures was down 0.29% at 94.27.

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