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 Tuesday, as losses in the Holding Firms , Property and Mining & Oil sectors propelled shares lower.

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

The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS: RLC ), which rose 1.94% or 0.400 points to trade at 21.000 at the close. First Gen Corp (PS: FGEN ) added 0.63% or 0.10 points to end at 15.98 and San Miguel Corp (PS: SMC ) was up 0.63% or 0.90 points to 144.90 in late trade.

Biggest losers included Universal Robina Corp (PS: URC ), which lost 4.05% or 6.90 points to trade at 163.40 in late trade. SM Prime Holdings Inc (PS: SMPH ) declined 3.20% or 1.250 points to end at 37.850 and Ayala Corp (PS: AC ) shed 3.05% or 33.00 points to 1050.00.

Declining stocks outnumbered rising ones by 151 to 57 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was down 0.47% or 6.30 to $1334.00 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.28% or 0.84 to hit $64.72 a barrel, while the April Brent oil contract fell 0.94% or 0.65 to trade at $68.55 a barrel.

CNY/PHP was up 0.18% to 8.1065, while USD/PHP rose 0.29% to 51.426.

The US Dollar Index Futures was up 0.22% at 89.37.

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