Philippines shares lower at close of trade; PSEi Composite down 0.75%

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Philippines shares lower at close of trade; PSEi Composite down 0.75% – Philippines equities were lower at the close on Monday, as losses in the Industrials , Holding Firms and Mining & Oil sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.75%.

The biggest gainers of the session on the PSEi Composite were PLDT Inc (PS: TEL ), which rose 4.59% or 62.00 points to trade at 1412.00 at the close. LT Group Inc (PS: LTG ) added 4.17% or 0.600 points to end at 15.000 and DMCI Holdings Inc (PS: DMC ) was up 3.69% or 0.420 points to 11.800 in late trade.

Biggest losers included First Gen Corp (PS: FGEN ), which lost 4.53% or 0.76 points to trade at 16.00 in late trade. Universal Robina Corp (PS: URC ) declined 3.46% or 5.00 points to end at 139.50 and Petron Corp (PS: PCOR ) shed 3.34% or 0.290 points to 8.400.

Declining stocks outnumbered rising ones by 100 to 74 and 53 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.53% or 6.30 to $1189.90 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.08% or 0.06 to hit $73.31 a barrel, while the December Brent oil contract rose 0.12% or 0.10 to trade at $82.83 a barrel.

CNY/PHP was up 0.32% to 7.8805, while USD/PHP rose 0.23% to 54.130.

The US Dollar Index Futures was up 0.01% at 94.81.

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