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Philippines shares lower at close of trade; PSEi Composite down 0.39%

Published 19/04/2016, 06:35 pm
Philippines shares lower at close of trade; PSEi Composite down 0.39%
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Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Property, Banking & Financials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.39%.

The biggest gainers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 7.07% or 0.720 points to trade at 10.900 at the close. Globe Telecom Inc (PS:GLO) added 1.38% or 30.000 points to end at 2198.000 and Alliance Global Group Inc (PS:AGI) was up 0.99% or 0.160 points to 16.360 in late trade.

Biggest losers included GT Capital Holdings Inc (PS:GTCAP), which lost 2.50% or 35.000 points to trade at 1363.000 in late trade. International Container Terminal Services Inc (PS:ICT) declined 1.63% or 1.100 points to end at 66.500 and Ayala Land Inc (PS:ALI) shed 1.43% or 0.500 points to 34.450.

Declining stocks outnumbered rising ones by 96 to 86 and 50 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for June delivery was up 0.74% or 9.10 to $1244.10 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.80% or 0.33 to hit $41.52 a barrel, while the June Brent oil contract rose 1.17% or 0.50 to trade at $43.41 a barrel.

CNY/PHP was down 0.04% to 7.1291, while USD/PHP fell 0.08% to 46.145.

The US Dollar Index was down 0.08% at 94.37.

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