Philippines shares lower at close of trade; PSEi Composite down 1.41%

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Philippines shares lower at close of trade; PSEi Composite down 1.41% – Philippines equities were lower at the close on Tuesday, as losses in the Property , Mining & Oil and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 1.41%.

The biggest gainers of the session on the PSEi Composite were Aboitiz Power Corp (PS: AP ), which rose 1.86% or 0.65 points to trade at 35.65 at the close. International Container Terminal Services Inc (PS: ICT ) added 1.70% or 1.500 points to end at 89.500 and Alliance Global Group Inc (PS: AGI ) was up 1.48% or 0.180 points to 12.380 in late trade.

Biggest losers included DMCI Holdings Inc (PS: DMC ), which lost 3.52% or 0.420 points to trade at 11.500 in late trade. Aboitiz Equity Ventures Inc (PS: AEV ) declined 3.27% or 1.950 points to end at 57.600 and Bank of the Philippine Islands (PS: BPI ) shed 3.25% or 3.10 points to 92.40.

Declining stocks outnumbered rising ones by 139 to 60 and 41 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.27% or 3.20 to $1202.10 a troy ounce. Meanwhile, Crude oil for delivery in September rose 1.03% or 0.69 to hit $67.89 a barrel, while the October Brent oil contract rose 0.95% or 0.69 to trade at $73.30 a barrel.

CNY/PHP was up 0.12% to 7.7628, while USD/PHP fell 0.28% to 53.434.

The US Dollar Index Futures was unchanged 0.00% at 96.16.

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