Philippines shares lower at close of trade; PSEi Composite down 0.85%

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Philippines shares lower at close of trade; PSEi Composite down 0.85% – Philippines equities were lower at the close on Thursday, as losses in the Holding Firms , Mining & Oil and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.85%.

The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS: DMC ), which rose 1.45% or 0.160 points to trade at 11.160 at the close. Globe Telecom Inc (PS: GLO ) added 0.58% or 10.00 points to end at 1745.00 and Manila Electric Co (PS: MER ) was up 0.56% or 2.00 points to 358.00 in late trade.

Biggest losers included GT Capital Holdings Inc (PS: GTCAP ), which lost 4.13% or 40.00 points to trade at 929.00 in late trade. Metro Pacific Investments Corp (PS: MPI ) declined 3.48% or 0.160 points to end at 4.440 and Ayala Corp (PS: AC ) shed 2.96% or 29.00 points to 950.00.

Declining stocks outnumbered rising ones by 115 to 72 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.86% or 10.50 to $1217.40 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.81% or 0.55 to hit $67.20 a barrel, while the September Brent oil contract fell 0.82% or 0.60 to trade at $72.30 a barrel.

CNY/PHP was down 0.72% to 7.9101, while USD/PHP rose 0.12% to 53.562.

The US Dollar Index Futures was up 0.37% at 95.19.

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