Philippines shares lower at close of trade; PSEi Composite down 0.88%

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Philippines shares lower at close of trade; PSEi Composite down 0.88%
Credit: © Reuters.

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

At the close in Philippines, the PSEi Composite lost 0.88% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 0.94% or 1.50 points to trade at 161.50 at the close. Aboitiz Power Corp (PS: AP ) added 0.65% or 0.25 points to end at 38.90 and Emperador Inc (PS: EMP ) was up 0.53% or 0.040 points to 7.600 in late trade.

Biggest losers included PLDT Inc (PS: TEL ), which lost 3.59% or 67.00 points to trade at 1800.00 in late trade. Globe Telecom Inc (PS: GLO ) declined 3.32% or 70.00 points to end at 2040.00 and Alliance Global Group Inc (PS: AGI ) shed 2.78% or 0.400 points to 14.000.

Declining stocks outnumbered rising ones by 134 to 79 and 38 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.16% or 1.94 to $1247.16 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.78% or 0.35 to hit $45.09 a barrel, while the September Brent oil contract rose 0.63% or 0.30 to trade at $47.84 a barrel.

CNY/PHP was up 0.34% to 7.4521, while USD/PHP rose 0.05% to 50.530.

The US Dollar Index Futures was down 0.29% at 95.50.

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