Philippines shares lower at close of trade; PSEi Composite down 2.23%

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Philippines shares lower at close of trade; PSEi Composite down 2.23%

Investing.com – Philippines equities were lower at the close on Thursday, as losses in the Property , Holding Firms and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 2.23%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 1.33% or 0.20 points to trade at 15.20 at the close. Energy Development Corp (PS: EDC ) added 1.16% or 0.060 points to end at 5.230 and LT Group Inc (PS: LTG ) was up 0.70% or 0.150 points to 21.600 in late trade.

Biggest losers included DMCI Holdings Inc (PS: DMC ), which lost 5.19% or 0.560 points to trade at 10.240 in late trade. Ayala Corp (PS: AC ) declined 5.05% or 50.00 points to end at 940.00 and BDO Unibank Inc (PS: BDO ) shed 3.94% or 5.40 points to 131.50.

Declining stocks outnumbered rising ones by 120 to 70 and 61 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.36% or 4.70 to $1286.80 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.41% or 0.29 to hit $71.78 a barrel, while the July Brent oil contract rose 0.42% or 0.33 to trade at $79.61 a barrel.

CNY/PHP was down 0.82% to 8.2124, while USD/PHP fell 0.06% to 52.291.

The US Dollar Index Futures was down 0.02% at 93.25.

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