Philippines shares lower at close of trade; PSEi Composite down 0.65%

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Philippines shares lower at close of trade; PSEi Composite down 0.65% – Philippines equities were lower at the close on Friday, as losses in the Property , Holding Firms and Mining & Oil sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.65%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 2.34% or 0.34 points to trade at 14.86 at the close. Manila Electric Co (PS: MER ) added 2.29% or 8.00 points to end at 358.00 and Bank of the Philippine Islands (PS: BPI ) was up 1.39% or 1.20 points to 87.50 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS: MBT ), which lost 2.79% or 2.00 points to trade at 69.75 in late trade. Ayala Land Inc (PS: ALI ) declined 2.39% or 0.900 points to end at 36.700 and Aboitiz Equity Ventures Inc (PS: AEV ) shed 2.30% or 1.250 points to 53.100.

Declining stocks outnumbered rising ones by 124 to 66 and 45 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.14% or 1.80 to $1257.00 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.03% or 0.02 to hit $72.92 a barrel, while the September Brent oil contract fell 0.28% or 0.22 to trade at $77.17 a barrel.

CNY/PHP was down 0.21% to 8.0314, while USD/PHP fell 0.06% to 53.362.

The US Dollar Index Futures was down 0.14% at 94.00.

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