Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Property and Mining & Oil sectors led shares lower.
At the close in Philippines, the PSEi Composite lost 2.80% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were San Miguel Cor (PS:SMC), which rose 0.84% or 0.500 points to trade at 60.000 at the close. Meanwhile, Phi Long Dis T (PS:TEL) added 0.15% or 3.00 points to end at 1940.00 and First Gen (PS:FGEN) was down 0.11% or 0.02 points to 18.24 in late trade.
The worst performers of the session were Alliance Globa (PS:AGI), which fell 7.97% or 1.100 points to trade at 12.700 at the close. Jg Summit (PS:JGS) declined 6.80% or 4.150 points to end at 56.900 and Dmci Holdings (PS:DMC) was down 5.38% or 0.620 points to 10.900.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 141 to 30 and 20 ended unchanged.
Shares in Alliance Globa (PS:AGI) fell to 3-years lows; down 7.97% or 1.100 to 12.700. Shares in Jg Summit (PS:JGS) fell to 52-week lows; down 6.80% or 4.150 to 56.900. Shares in First Gen (PS:FGEN) fell to 52-week lows; falling 0.11% or 0.02 to 18.24.
Gold for February delivery was down 0.64% or 7.10 to $1099.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.58% or 0.17 to hit $28.18 a barrel, while the March Brent oil contract fell 0.41% or 0.12 to trade at $27.71 a barrel.
CNY/PHP was down 0.07% to 7.2750, while USD/PHP fell 0.05% to 47.865.
The US Dollar Index was down 0.04% at 99.12.