Philippines shares lower at close of trade; PSEi Composite down 1.20%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 1.20% – 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 declined 1.20% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 4.77% or 0.190 points to trade at 4.170 at the close. Jollibee Foods Corp (PS: JFC ) added 2.65% or 7.00 points to end at 271.00 and JG Summit Holdings Inc (PS: JGS ) was up 1.73% or 0.900 points to 53.000 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 4.03% or 1.850 points to trade at 44.100 in late trade. LT Group Inc (PS: LTG ) declined 3.79% or 0.600 points to end at 15.240 and SM Investments Corp (PS: SM ) shed 3.15% or 28.00 points to 862.00.

Declining stocks outnumbered rising ones by 111 to 81 and 33 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.12% or 1.40 to $1206.90 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.52% or 0.37 to hit $71.14 a barrel, while the November Brent oil contract rose 0.15% or 0.12 to trade at $79.52 a barrel.

CNY/PHP was up 0.16% to 7.8911, while USD/PHP rose 0.39% to 54.096.

The US Dollar Index Futures was down 0.17% at 93.96.

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