Philippines shares lower at close of trade; PSEi Composite down 0.27%

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Philippines shares lower at close of trade; PSEi Composite down 0.27% – Philippines equities were lower at the close on Monday, as losses in the Industrials , Mining & Oil and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.27%.

The biggest gainers of the session on the PSEi Composite were Bank of the Philippine Islands (PS: BPI ), which rose 1.71% or 1.50 points to trade at 89.00 at the close. Robinsons Land Corp (PS: RLC ) added 1.54% or 0.300 points to end at 19.800 and SM Investments Corp (PS: SM ) was up 1.25% or 11.00 points to 890.00 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS: MBT ), which lost 2.72% or 1.90 points to trade at 67.85 in late trade. Jollibee Foods Corp (PS: JFC ) declined 2.39% or 6.00 points to end at 245.00 and DMCI Holdings Inc (PS: DMC ) shed 2.18% or 0.240 points to 10.780.

Declining stocks outnumbered rising ones by 103 to 80 and 48 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.46% or 5.80 to $1261.60 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.22% or 0.16 to hit $73.64 a barrel, while the September Brent oil contract rose 0.69% or 0.53 to trade at $77.64 a barrel.

CNY/PHP was up 0.53% to 8.0698, while USD/PHP rose 0.13% to 53.395.

The US Dollar Index Futures was down 0.28% at 93.50.

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