Philippines shares lower at close of trade; PSEi Composite down 1.47%

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Philippines shares lower at close of trade; PSEi Composite down 1.47% – Philippines equities were lower at the close on Friday, as losses in the Mining & Oil , Property and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.47%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 2.94% or 0.50 points to trade at 17.52 at the close. Security Bank Corp (PS: SECB ) added 1.43% or 3.60 points to end at 255.00 and BDO Unibank Inc (PS: BDO ) was up 1.29% or 2.00 points to 157.00 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 5.14% or 1.90 points to trade at 35.10 in late trade. SM Prime Holdings Inc (PS: SMPH ) declined 4.76% or 1.800 points to end at 36.000 and Aboitiz Equity Ventures Inc (PS: AEV ) shed 3.85% or 2.700 points to 67.500.

Declining stocks outnumbered rising ones by 123 to 80 and 37 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was up 0.14% or 1.80 to $1258.90 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.65% or 0.37 to hit $57.41 a barrel, while the February Brent oil contract rose 0.55% or 0.35 to trade at $63.66 a barrel.

CNY/PHP was up 0.01% to 7.6366, while USD/PHP rose 0.10% to 50.475.

The US Dollar Index Futures was down 0.11% at 93.54.

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