Philippines shares lower at close of trade; PSEi Composite down 1.54%

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Philippines shares lower at close of trade; PSEi Composite down 1.54% – Philippines equities were lower at the close on Tuesday, as losses in the Property , Mining & Oil and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.54% to hit a new 6-month low.

The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS: AGI ), which rose 1.23% or 0.160 points to trade at 13.200 at the close. LT Group Inc (PS: LTG ) added 0.83% or 0.160 points to end at 19.400 and PLDT Inc (PS: TEL ) was up 0.43% or 6.00 points to 1403.00 in late trade.

Biggest losers included Aboitiz Power Corp (PS: AP ), which lost 4.16% or 1.65 points to trade at 38.00 in late trade. Bank of the Philippine Islands (PS: BPI ) declined 3.61% or 3.90 points to end at 104.10 and First Gen Corp (PS: FGEN ) shed 3.21% or 0.52 points to 15.66.

Declining stocks outnumbered rising ones by 142 to 68 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.31% or 4.10 to $1328.10 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.61% or 0.42 to hit $69.06 a barrel, while the June Brent oil contract rose 0.39% or 0.29 to trade at $75.00 a barrel.

CNY/PHP was down 0.10% to 8.2849, while USD/PHP fell 0.18% to 52.294.

The US Dollar Index Futures was up 0.08% at 90.76.

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