Philippines shares lower at close of trade; PSEi Composite down 1.46%

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Philippines shares lower at close of trade; PSEi Composite down 1.46% – Philippines equities were lower at the close on Thursday, as losses in the Mining & Oil , Holding Firms and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 1.46%.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS: MER ), which rose 2.16% or 8.00 points to trade at 379.00 at the close. Universal Robina Corp (PS: URC ) added 0.14% or 0.20 points to end at 142.20 and Aboitiz Power Corp (PS: AP ) was unchanged 0.00% or 0.00 points to 36.85 in late trade.

Biggest losers included Alliance Global Group Inc (PS: AGI ), which lost 6.39% or 0.920 points to trade at 13.480 in late trade. DMCI Holdings Inc (PS: DMC ) declined 5.59% or 0.720 points to end at 12.160 and Metro Pacific Investments Corp (PS: MPI ) shed 5.25% or 0.280 points to 5.050.

Declining stocks outnumbered rising ones by 160 to 37 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.49% or 5.90 to $1207.20 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.12% or 0.08 to hit $68.64 a barrel, while the November Brent oil contract rose 0.04% or 0.03 to trade at $77.30 a barrel.

CNY/PHP was up 0.59% to 7.8741, while USD/PHP rose 0.54% to 53.883.

The US Dollar Index Futures was down 0.01% at 95.06.

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