Philippines shares lower at close of trade; PSEi Composite down 1.14%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 1.14% – Philippines equities were lower at the close on Thursday, as losses in the Mining & Oil , Holding Firms and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 1.14%.

The biggest gainers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS: AEV ), which rose 2.81% or 2.100 points to trade at 76.900 at the close. LT Group Inc (PS: LTG ) added 2.01% or 0.450 points to end at 22.850 and Emperador Inc (PS: EMP ) was up 1.72% or 0.130 points to 7.690 in late trade.

Biggest losers included Metro Pacific Investments Corp (PS: MPI ), which lost 3.76% or 0.220 points to trade at 5.630 in late trade. SM Investments Corp (PS: SM ) declined 3.55% or 35.00 points to end at 950.00 and Manila Electric Co (PS: MER ) shed 2.97% or 9.80 points to 320.20.

Declining stocks outnumbered rising ones by 136 to 77 and 49 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.59% or 7.90 to $1324.20 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.84% or 0.52 to hit $61.16 a barrel, while the April Brent oil contract fell 0.69% or 0.45 to trade at $64.97 a barrel.

CNY/PHP was down 0.07% to 8.1974, while USD/PHP rose 0.08% to 52.151.

The US Dollar Index Futures was down 0.03% at 90.00.

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