Philippines shares lower at close of trade; PSEi Composite down 1.00%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 1.00%
Credit: © Reuters. – Philippines equities were lower at the close on Thursday, as losses in the Services , Holding Firms and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 1.00%.

The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS: MPI ), which rose 3.09% or 0.150 points to trade at 5.000 at the close. Semirara Mining Corp (PS: SCC ) added 1.39% or 0.45 points to end at 32.75 and Emperador Inc (PS: EMP ) was up 1.10% or 0.080 points to 7.350 in late trade.

Biggest losers included Manila Electric Co (PS: MER ), which lost 3.80% or 15.00 points to trade at 380.00 in late trade. LT Group Inc (PS: LTG ) declined 3.70% or 0.680 points to end at 17.720 and JG Summit Holdings Inc (PS: JGS ) shed 2.62% or 1.500 points to 55.800.

Declining stocks outnumbered rising ones by 118 to 78 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.09% or 1.10 to $1226.50 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.07% or 0.05 to hit $67.61 a barrel, while the October Brent oil contract fell 0.06% or 0.04 to trade at $72.35 a barrel.

CNY/PHP was down 0.26% to 7.7717, while USD/PHP rose 0.23% to 53.084.

The US Dollar Index Futures was up 0.29% at 94.73.

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