Philippines shares lower at close of trade; PSEi Composite down 0.53%

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Philippines shares lower at close of trade; PSEi Composite down 0.53% – Philippines equities were lower at the close on Tuesday, as losses in the Holding Firms , Mining & Oil and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.53%.

The biggest gainers of the session on the PSEi Composite were PLDT Inc (PS: TEL ), which rose 1.62% or 21.00 points to trade at 1316.00 at the close. International Container Terminal Services Inc (PS: ICT ) added 1.57% or 1.300 points to end at 84.300 and Megaworld Corp (PS: MEG ) was up 1.05% or 0.050 points to 4.800 in late trade.

Biggest losers included Petron Corp (PS: PCOR ), which lost 3.08% or 0.290 points to trade at 9.130 in late trade. Universal Robina Corp (PS: URC ) declined 2.58% or 3.50 points to end at 132.00 and SM Investments Corp (PS: SM ) shed 2.55% or 22.50 points to 859.50.

Declining stocks outnumbered rising ones by 101 to 88 and 54 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.03% or 0.40 to $1304.10 a troy ounce. Meanwhile, Crude oil for delivery in July fell 2.03% or 1.38 to hit $66.50 a barrel, while the August Brent oil contract fell 0.01% or 0.01 to trade at $75.31 a barrel.

CNY/PHP was down 0.38% to 8.2029, while USD/PHP rose 0.14% to 52.667.

The US Dollar Index Futures was up 0.47% at 94.80.

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