Philippines shares lower at close of trade; PSEi Composite down 1.64%

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Philippines shares lower at close of trade; PSEi Composite down 1.64% – Philippines equities were lower at the close on Friday, as losses in the Holding Firms , Services and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 1.64%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 1.81% or 0.32 points to trade at 17.96 at the close. Alliance Global Group Inc (PS: AGI ) added 0.38% or 0.060 points to end at 15.860 and Metropolitan Bank and Trust Co (PS: MBT ) was up 0.33% or 0.30 points to 90.00 in late trade.

Biggest losers included Bank of the Philippine Islands (PS: BPI ), which lost 4.16% or 4.15 points to trade at 95.60 in late trade. Aboitiz Power Corp (PS: AP ) declined 4.14% or 1.75 points to end at 40.50 and Aboitiz Equity Ventures Inc (PS: AEV ) shed 4.00% or 3.000 points to 72.000.

Declining stocks outnumbered rising ones by 107 to 77 and 59 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.11% or 1.45 to $1276.65 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.48% or 0.26 to hit $54.80 a barrel, while the January Brent oil contract rose 0.38% or 0.23 to trade at $60.85 a barrel.

CNY/PHP was down 0.62% to 7.7207, while USD/PHP fell 0.47% to 51.180.

The US Dollar Index Futures was up 0.10% at 94.71.

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