Philippines shares lower at close of trade; PSEi Composite down 1.63%

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Philippines shares lower at close of trade; PSEi Composite down 1.63% – Philippines equities were lower at the close on Thursday, as losses in the Property , Banking & Financials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 1.63% to hit a new 3-month low.

The biggest gainers of the session on the PSEi Composite were Puregold Price Club Inc (PS: PGOLD ), which rose 2.05% or 0.900 points to trade at 44.900 at the close. Semirara Mining Corp (PS: SCC ) added 1.21% or 0.30 points to end at 25.00 and Metro Pacific Investments Corp (PS: MPI ) was up 1.04% or 0.050 points to 4.850 in late trade.

Biggest losers included JG Summit Holdings Inc (PS: JGS ), which lost 5.14% or 2.750 points to trade at 50.800 in late trade. Ayala Land Inc (PS: ALI ) declined 4.69% or 1.900 points to end at 38.600 and Metropolitan Bank and Trust Co (PS: MBT ) shed 4.35% or 3.00 points to 66.00.

Declining stocks outnumbered rising ones by 120 to 69 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.02% or 0.30 to $1202.60 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.24% or 0.18 to hit $76.23 a barrel, while the December Brent oil contract fell 0.24% or 0.21 to trade at $86.08 a barrel.

CNY/PHP was up 0.20% to 7.9109, while USD/PHP fell 0.06% to 54.325.

The US Dollar Index Futures was down 0.03% at 95.64.

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