Investing.com – Philippines equities were lower at the close on Thursday, as losses in the Property, Mining & Oil and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 1.58% to hit a new 3-month low.
The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 2.42% or 0.170 points to trade at 7.200 at the close. Security Bank Corp (PS:SECB) added 2.07% or 4.20 points to end at 207.00 and LT Group Inc (PS:LTG) was up 0.71% or 0.100 points to 14.160 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 5.52% or 0.240 points to trade at 4.110 in late trade. SM Prime Holdings Inc (PS:SMPH) declined 5.27% or 1.450 points to end at 26.050 and Robinsons Land Corp (PS:RLC) shed 4.92% or 1.500 points to 29.000.
Declining stocks outnumbered rising ones by 163 to 29 and 44 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.47% or 5.90 to $1259.70 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.48% or 0.24 to hit $49.94 a barrel, while the December Brent oil contract fell 0.23% or 0.12 to trade at $51.69 a barrel.
CNY/PHP was down 0.37% to 7.2041, while USD/PHP fell 0.27% to 48.455.
The US Dollar Index was up 0.07% at 98.06.