Philippines shares lower at close of trade; PSEi Composite down 0.95%

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Philippines shares lower at close of trade; PSEi Composite down 0.95% – Philippines equities were lower at the close on Friday, as losses in the Property , Banking & Financials and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.95%.

The biggest gainers of the session on the PSEi Composite were Ayala Corp (PS: AC ), which rose 1.43% or 13.00 points to trade at 919.00 at the close. Semirara Mining Corp (PS: SCC ) added 1.09% or 0.35 points to end at 32.35 and PLDT Inc (PS: TEL ) was up 0.88% or 13.00 points to 1487.00 in late trade.

Biggest losers included Universal Robina Corp (PS: URC ), which lost 4.67% or 7.00 points to trade at 143.00 in late trade. BDO Unibank Inc (PS: BDO ) declined 3.03% or 4.20 points to end at 134.60 and JG Summit Holdings Inc (PS: JGS ) shed 2.43% or 1.550 points to 62.300.

Declining stocks outnumbered rising ones by 129 to 80 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.04% or 0.50 to $1328.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.38% or 0.24 to hit $63.30 a barrel, while the June Brent oil contract fell 0.35% or 0.24 to trade at $68.09 a barrel.

CNY/PHP was up 0.01% to 8.2528, while USD/PHP rose 0.08% to 52.070.

The US Dollar Index Futures was up 0.07% at 90.18.

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