Philippines shares lower at close of trade; PSEi Composite down 1.39%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 1.39% – Philippines equities were lower at the close on Friday, as losses in the Property , Industrials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 1.39% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 4.04% or 0.170 points to trade at 4.380 at the close. First Gen Corp (PS: FGEN ) added 1.46% or 0.24 points to end at 16.66 and Metro Pacific Investments Corp (PS: MPI ) was up 0.96% or 0.050 points to 5.280 in late trade.

Biggest losers included GT Capital Holdings Inc (PS: GTCAP ), which lost 4.12% or 35.00 points to trade at 815.00 in late trade. Security Bank Corp (PS: SECB ) declined 4.01% or 7.60 points to end at 182.00 and JG Summit Holdings Inc (PS: JGS ) shed 3.97% or 2.150 points to 52.000.

Declining stocks outnumbered rising ones by 114 to 67 and 45 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.34% or 4.10 to $1212.30 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.55% or 0.38 to hit $68.97 a barrel, while the November Brent oil contract rose 0.29% or 0.23 to trade at $78.41 a barrel.

CNY/PHP was down 0.24% to 7.8781, while USD/PHP fell 0.04% to 53.965.

The US Dollar Index Futures was down 0.10% at 94.44.

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