Philippines shares lower at close of trade; PSEi Composite down 1.08%

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Philippines shares lower at close of trade; PSEi Composite down 1.08%

Investing.com – Philippines equities were lower at the close on Monday, as losses in the Holding Firms , Property and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.08% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were PLDT Inc (PS: TEL ), which rose 3.71% or 42.00 points to trade at 1175.00 at the close. Semirara Mining Corp (PS: SCC ) added 3.09% or 0.90 points to end at 30.00 and Universal Robina Corp (PS: URC ) was up 2.17% or 2.50 points to 117.50 in late trade.

Biggest losers included JG Summit Holdings Inc (PS: JGS ), which lost 5.54% or 2.750 points to trade at 46.900 in late trade. GT Capital Holdings Inc (PS: GTCAP ) declined 3.60% or 32.50 points to end at 869.50 and Ayala Land Inc (PS: ALI ) shed 3.33% or 1.250 points to 36.300.

Declining stocks outnumbered rising ones by 100 to 80 and 58 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.09% or 1.20 to $1271.90 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.36% or 0.25 to hit $68.83 a barrel, while the September Brent oil contract fell 0.62% or 0.47 to trade at $74.85 a barrel.

CNY/PHP was down 0.04% to 8.1781, while USD/PHP rose 0.37% to 53.425.

The US Dollar Index Futures was down 0.01% at 94.18.

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