Philippines shares lower at close of trade; PSEi Composite down 1.67%

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Philippines shares lower at close of trade; PSEi Composite down 1.67% – Philippines equities were lower at the close on Thursday, as losses in the Holding Firms , Property and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 1.67% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were Aboitiz Power Corp (PS: AP ), which rose 2.76% or 0.90 points to trade at 33.50 at the close. Petron Corp (PS: PCOR ) added 2.02% or 0.170 points to end at 8.570 and Aboitiz Equity Ventures Inc (PS: AEV ) was up 1.86% or 0.850 points to 46.550 in late trade.

Biggest losers included Robinsons Land Corp (PS: RLC ), which lost 7.73% or 1.600 points to trade at 19.100 in late trade. GT Capital Holdings Inc (PS: GTCAP ) declined 5.49% or 39.00 points to end at 671.00 and Robinsons Retail Holdings Inc (PS: RRHI ) shed 3.85% or 3.000 points to 75.000.

Declining stocks outnumbered rising ones by 167 to 38 and 34 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.61% or 7.30 to $1200.70 a troy ounce. Meanwhile, Crude oil for delivery in November fell 1.08% or 0.79 to hit $72.38 a barrel, while the December Brent oil contract fell 1.11% or 0.92 to trade at $82.17 a barrel.

CNY/PHP was down 0.09% to 7.8192, while USD/PHP fell 0.09% to 54.155.

The US Dollar Index Futures was down 0.19% at 95.04.

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