Philippines shares lower at close of trade; PSEi Composite down 1.09%

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Philippines shares lower at close of trade; PSEi Composite down 1.09% – Philippines equities were lower at the close on Tuesday, as losses in the Holding Firms , Mining & Oil and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 1.09%.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 1.14% or 0.200 points to trade at 17.700 at the close. First Gen Corp (PS: FGEN ) added 0.78% or 0.12 points to end at 15.52 and Globe Telecom Inc (PS: GLO ) was up 0.76% or 15.00 points to 1985.00 in late trade.

Biggest losers included Ayala Corp (PS: AC ), which lost 4.40% or 44.00 points to trade at 955.00 in late trade. JG Summit Holdings Inc (PS: JGS ) declined 4.11% or 2.200 points to end at 51.300 and Manila Electric Co (PS: MER ) shed 3.53% or 12.80 points to 350.20.

Declining stocks outnumbered rising ones by 0 to 0 on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.50% or 6.00 to $1200.60 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.03% or 0.02 to hit $65.44 a barrel, while the October Brent oil contract rose 0.21% or 0.15 to trade at $72.36 a barrel.

CNY/PHP was up 0.15% to 7.7957, while USD/PHP rose 0.02% to 53.334.

The US Dollar Index Futures was down 0.24% at 95.45.

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