Philippines shares lower at close of trade; PSEi Composite down 0.97%

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Philippines shares lower at close of trade; PSEi Composite down 0.97% – Philippines equities were lower at the close on Thursday, as losses in the Property , Banking & Financials and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.97%.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS: MER ), which rose 3.23% or 10.80 points to trade at 345.00 at the close. Aboitiz Power Corp (PS: AP ) added 3.20% or 1.20 points to end at 38.70 and Security Bank Corp (PS: SECB ) was up 2.49% or 5.00 points to 206.00 in late trade.

Biggest losers included SM Prime Holdings Inc (PS: SMPH ), which lost 4.79% or 1.750 points to trade at 34.750 in late trade. Universal Robina Corp (PS: URC ) declined 4.63% or 5.90 points to end at 121.60 and First Gen Corp (PS: FGEN ) shed 3.85% or 0.60 points to 15.00.

Declining stocks outnumbered rising ones by 109 to 76 and 56 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.35% or 4.50 to $1305.80 a troy ounce. Meanwhile, Crude oil for delivery in July unchanged 0.00% or 0.00 to hit $66.64 a barrel, while the August Brent oil contract fell 0.17% or 0.13 to trade at $76.61 a barrel.

CNY/PHP was up 0.23% to 8.3349, while USD/PHP fell 0.02% to 53.291.

The US Dollar Index Futures was down 0.25% at 93.33.

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