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

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Philippines shares lower at close of trade; PSEi Composite down 0.39% – Philippines equities were lower at the close on Tuesday, as losses in the Property , Industrials and Holding Firms sectors propelled shares lower.

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

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 2.00% or 0.110 points to trade at 5.600 at the close. Alliance Global Group Inc (PS: AGI ) added 1.92% or 0.300 points to end at 15.900 and Bank of the Philippine Islands (PS: BPI ) was up 0.81% or 0.80 points to 99.30 in late trade.

Biggest losers included First Gen Corp (PS: FGEN ), which lost 2.41% or 0.42 points to trade at 17.00 in late trade. Aboitiz Power Corp (PS: AP ) declined 2.20% or 0.90 points to end at 40.00 and Ayala Land Inc (PS: ALI ) shed 1.75% or 0.750 points to 42.050.

Declining stocks outnumbered rising ones by 122 to 80 and 48 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.42% or 5.32 to $1280.62 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.16% or 0.09 to hit $56.51 a barrel, while the January Brent oil contract rose 0.37% or 0.23 to trade at $62.45 a barrel.

CNY/PHP was down 0.08% to 7.6472, while USD/PHP fell 0.34% to 50.729.

The US Dollar Index Futures was down 0.06% at 93.94.

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