Philippines shares lower at close of trade; PSEi Composite down 0.38%

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Philippines shares lower at close of trade; PSEi Composite down 0.38% – Philippines equities were lower at the close on Monday, as losses in the Services , Mining & Oil and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.38% to hit a new 6-month low.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 3.21% or 0.600 points to trade at 19.300 at the close. JG Summit Holdings Inc (PS: JGS ) added 1.11% or 0.700 points to end at 63.500 and Manila Electric Co (PS: MER ) was up 0.99% or 3.20 points to 325.00 in late trade.

Biggest losers included Metro Pacific Investments Corp (PS: MPI ), which lost 4.06% or 0.200 points to trade at 4.730 in late trade. First Gen Corp (PS: FGEN ) declined 3.43% or 0.58 points to end at 16.32 and PLDT Inc (PS: TEL ) shed 2.04% or 30.00 points to 1440.00.

Declining stocks outnumbered rising ones by 129 to 68 and 49 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.04% or 0.60 to $1348.50 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.42% or 0.96 to hit $66.43 a barrel, while the June Brent oil contract fell 1.57% or 1.14 to trade at $71.44 a barrel.

CNY/PHP was up 0.10% to 8.2877, while USD/PHP rose 0.18% to 52.060.

The US Dollar Index Futures was down 0.23% at 89.30.

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