Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Mining & Oil, Property and Holding Firms sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 2.86% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were Philex Mining (PS:PX), which rose 0.68% or 0.030 points to trade at 4.410 at the close. Meanwhile, Bk Of Phi Isla (PS:BPI) fell 0.37% or 0.30 points to end at 81.70 and Gt Capital Hol (PS:GTCAP) was down 0.44% or 6.000 points to 1350.000 in late trade.
The worst performers of the session were Energy Develop (PS:EDC), which fell 7.38% or 0.450 points to trade at 5.650 at the close. Petron (PS:PCOR) declined 6.15% or 0.420 points to end at 6.410 and Robinsons Land (PS:RLC) was down 5.74% or 1.550 points to 25.450.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 160 to 24 and 12 ended unchanged.
Shares in Petron (PS:PCOR) fell to 3-years lows; down 6.15% or 0.420 to 6.410.
Gold for February delivery was up 0.23% or 2.50 to $1094.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 4.55% or 1.54 to hit $32.42 a barrel, while the February Brent oil contract fell 4.53% or 1.55 to trade at $32.77 a barrel.
CNY/PHP was down 0.44% to 7.1395, while USD/PHP rose 0.10% to 47.069.
The US Dollar Index was up 0.07% at 99.35.