Philippines shares lower at close of trade; PSEi Composite down 0.76%

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Philippines shares lower at close of trade; PSEi Composite down 0.76% – Philippines equities were lower at the close on Tuesday, as losses in the Mining & Oil , Holding Firms and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.76% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS: MPI ), which rose 2.77% or 0.170 points to trade at 6.300 at the close. Jollibee Foods Corp (PS: JFC ) added 2.48% or 7.00 points to end at 289.00 and Megaworld Corp (PS: MEG ) was up 2.06% or 0.100 points to 4.950 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 4.07% or 3.050 points to trade at 71.950 in late trade. Emperador Inc (PS: EMP ) declined 3.47% or 0.270 points to end at 7.510 and Bank of the Philippine Islands (PS: BPI ) shed 3.12% or 3.80 points to 118.00.

Declining stocks outnumbered rising ones by 159 to 52 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was up 0.49% or 6.60 to $1343.10 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.67% or 0.43 to hit $63.72 a barrel, while the April Brent oil contract fell 0.75% or 0.51 to trade at $67.11 a barrel.

CNY/PHP was down 0.18% to 8.2019, while USD/PHP fell 0.02% to 51.501.

The US Dollar Index Futures was down 0.26% at 89.34.

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