Philippines shares lower at close of trade; PSEi Composite down 1.53%

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Philippines shares lower at close of trade; PSEi Composite down 1.53% – Philippines equities were lower at the close on Monday, as losses in the Mining & Oil , Banking & Financials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 1.53% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 2.68% or 0.520 points to trade at 19.900 at the close. Robinsons Land Corp (PS: RLC ) added 1.64% or 0.320 points to end at 19.880 and Megaworld Corp (PS: MEG ) was up 1.54% or 0.070 points to 4.630 in late trade.

Biggest losers included JG Summit Holdings Inc (PS: JGS ), which lost 5.43% or 3.100 points to trade at 54.000 in late trade. Bank of the Philippine Islands (PS: BPI ) declined 3.65% or 3.50 points to end at 92.35 and PLDT Inc (PS: TEL ) shed 3.55% or 46.00 points to 1251.00.

Declining stocks outnumbered rising ones by 155 to 47 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.42% or 5.40 to $1283.90 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.19% or 0.77 to hit $64.08 a barrel, while the August Brent oil contract rose 0.08% or 0.06 to trade at $73.50 a barrel.

CNY/PHP was up 0.02% to 8.2956, while USD/PHP rose 0.06% to 53.435.

The US Dollar Index Futures was up 0.18% at 94.62.

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