Philippines shares lower at close of trade; PSEi Composite down 1.56%

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Philippines shares lower at close of trade; PSEi Composite down 1.56% – Philippines equities were lower at the close on Thursday, as losses in the Holding Firms , Industrials and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.56%.

The biggest gainers of the session on the PSEi Composite were Emperador Inc (PS: EMP ), which rose 0.55% or 0.040 points to trade at 7.290 at the close. Security Bank Corp (PS: SECB ) added 0.39% or 0.80 points to end at 203.80 and Semirara Mining Corp (PS: SCC ) was unchanged 0.00% or 0.00 points to 30.80 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS: MBT ), which lost 3.82% or 2.85 points to trade at 71.75 in late trade. SM Investments Corp (PS: SM ) declined 3.78% or 35.00 points to end at 890.00 and Universal Robina Corp (PS: URC ) shed 2.64% or 3.30 points to 121.50.

Declining stocks outnumbered rising ones by 112 to 74 and 60 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.17% or 2.10 to $1255.60 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.07% or 0.05 to hit $74.09 a barrel, while the September Brent oil contract fell 0.49% or 0.38 to trade at $77.86 a barrel.

CNY/PHP was down 0.13% to 8.0452, while USD/PHP fell 0.21% to 53.410.

The US Dollar Index Futures was down 0.05% at 94.14.

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