Philippines shares lower at close of trade; PSEi Composite down 0.11%

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Philippines shares lower at close of trade; PSEi Composite down 0.11% – Philippines equities were lower at the close on Friday, as losses in the Services , Banking & Financials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.11%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 7.61% or 1.18 points to trade at 16.68 at the close. Aboitiz Equity Ventures Inc (PS: AEV ) added 1.43% or 1.050 points to end at 74.300 and San Miguel Corp (PS: SMC ) was up 1.42% or 2.00 points to 143.00 in late trade.

Biggest losers included Robinsons Land Corp (PS: RLC ), which lost 4.02% or 0.830 points to trade at 19.820 in late trade. LT Group Inc (PS: LTG ) declined 1.99% or 0.400 points to end at 19.700 and Ayala Corp (PS: AC ) shed 1.73% or 18.00 points to 1020.00.

Advancing stocks outnumbered falling ones by 126 to 80 and 53 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.20% or 2.70 to $1319.00 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.23% or 0.14 to hit $60.26 a barrel, while the May Brent oil contract rose 0.36% or 0.23 to trade at $63.84 a barrel.

CNY/PHP was up 0.09% to 8.2144, while USD/PHP rose 0.04% to 52.059.

The US Dollar Index Futures was up 0.07% at 90.17.

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