Philippines shares lower at close of trade; PSEi Composite down 0.48%

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Philippines shares lower at close of trade; PSEi Composite down 0.48% – Philippines equities were lower at the close on Monday, as losses in the Services , Property and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.48%.

The biggest gainers of the session on the PSEi Composite were Petron Corp (PS: PCOR ), which rose 3.69% or 0.320 points to trade at 9.000 at the close. Ayala Corp (PS: AC ) added 3.49% or 32.00 points to end at 950.00 and Jollibee Foods Corp (PS: JFC ) was up 2.43% or 7.00 points to 295.00 in late trade.

Biggest losers included DMCI Holdings Inc (PS: DMC ), which lost 5.24% or 0.680 points to trade at 12.300 in late trade. International Container Terminal Services Inc (PS: ICT ) declined 2.91% or 3.000 points to end at 100.000 and Robinsons Land Corp (PS: RLC ) shed 2.89% or 0.590 points to 19.860.

Declining stocks outnumbered rising ones by 135 to 68 and 39 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.27% or 3.60 to $1346.30 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.67% or 0.44 to hit $65.44 a barrel, while the June Brent oil contract fell 0.47% or 0.33 to trade at $69.48 a barrel.

CNY/PHP was down 0.03% to 8.2952, while USD/PHP fell 0.48% to 52.151.

The US Dollar Index Futures was down 0.21% at 88.91.

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