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Philippines shares lower at close of trade; PSEi Composite down 0.15%

Published 25/08/2016, 06:35 pm
Philippines shares lower at close of trade; PSEi Composite down 0.15%
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Investing.com – Philippines equities were lower at the close on Thursday, as losses in the Mining & Oil, Banking & Financials and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.15% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS:FGEN), which rose 6.88% or 1.65 points to trade at 25.65 at the close. PLDT Inc (PS:TEL) added 1.67% or 30.00 points to end at 1831.00 and Globe Telecom Inc (PS:GLO) was up 1.04% or 22.000 points to 2128.000 in late trade.

Biggest losers included Ayala Land Inc (PS:ALI), which lost 1.75% or 0.700 points to trade at 39.300 in late trade. Metropolitan Bank and Trust Co (PS:MBT) declined 1.68% or 1.50 points to end at 87.75 and BDO Unibank Inc (PS:BDO) shed 1.14% or 1.30 points to 113.00.

Advancing stocks outnumbered falling ones by 96 to 94 and 43 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for December delivery was up 0.01% or 0.15 to $1329.85 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.02% or 0.01 to hit $46.78 a barrel, while the October Brent oil contract fell 0.20% or 0.10 to trade at $48.95 a barrel.

CNY/PHP was down 0.28% to 6.9677, while USD/PHP fell 0.40% to 46.350.

The US Dollar Index was down 0.14% at 94.60.

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