Philippines shares lower at close of trade; PSEi Composite down 2.25%

  • Investing.com
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Philippines shares lower at close of trade; PSEi Composite down 2.25%

Investing.com – Philippines equities were lower at the close on Thursday, as losses in the Property , Services and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 2.25% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS: JGS ), which rose 1.61% or 0.800 points to trade at 50.500 at the close. Energy Development Corp (PS: EDC ) unchanged 0.00% or 0.000 points to end at 5.200 and Emperador Inc (PS: EMP ) was unchanged 0.00% or 0.000 points to 7.180 in late trade.

Biggest losers included PLDT Inc (PS: TEL ), which lost 6.50% or 80.00 points to trade at 1150.00 in late trade. GT Capital Holdings Inc (PS: GTCAP ) declined 5.64% or 55.00 points to end at 920.00 and SM Prime Holdings Inc (PS: SMPH ) shed 4.64% or 1.600 points to 32.900.

Declining stocks outnumbered rising ones by 162 to 38 and 41 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.69% or 8.80 to $1265.70 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.90% or 0.59 to hit $65.12 a barrel, while the August Brent oil contract fell 1.34% or 1.00 to trade at $73.74 a barrel.

CNY/PHP was down 0.49% to 8.2261, while USD/PHP rose 0.23% to 53.420.

The US Dollar Index Futures was up 0.23% at 95.00.

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