Investing.com – Philippines stocks were lower after the close on Monday, as losses in the Holding Firms, Industrials and Mining & Oil sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.81% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were Aboitiz Power (PS:AP), which rose 0.98% or 0.40 points to trade at 41.30 at the close. Meanwhile, Ayala Land (PS:ALI) added 0.60% or 0.200 points to end at 33.600 and Megaworld Corp (PS:MEG) was up 0.46% or 0.020 points to 4.370 in late trade.
The worst performers of the session were Globe Telecom (PS:GLO), which fell 4.48% or 94.000 points to trade at 2002.000 at the close. Energy Develop (PS:EDC) declined 4.20% or 0.250 points to end at 5.700 and First Gen (PS:FGEN) was down 3.91% or 0.90 points to 22.10.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 139 to 32 and 16 ended unchanged.
Gold for December delivery was up 1.02% or 11.00 to $1091.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.45% or 0.18 to hit $40.92 a barrel, while the January Brent oil contract rose 0.40% or 0.18 to trade at $44.65 a barrel.
CNY/PHP was up 0.03% to 7.3958, while USD/PHP fell 0.01% to 47.120.
The US Dollar Index was up 0.26% at 99.14.