Investing.com – Philippines equities were lower at the close on Friday, as losses in the Services, Property and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 0.55%.
The biggest gainers of the session on the PSEi Composite were SM Prime Holdings Inc (PS:SMPH), which rose 1.44% or 0.400 points to trade at 28.200 at the close. First Gen Corp (PS:FGEN) added 1.24% or 0.30 points to end at 24.45 and Metro Pacific Investments Corp (PS:MPI) was up 1.09% or 0.080 points to 7.400 in late trade.
Biggest losers included Robinsons Land Corp (PS:RLC), which lost 4.44% or 1.450 points to trade at 31.200 in late trade. Globe Telecom Inc (PS:GLO) declined 4.16% or 79.000 points to end at 1821.000 and Megaworld Corp (PS:MEG) shed 3.64% or 0.170 points to 4.500.
Declining stocks outnumbered rising ones by 102 to 73 and 56 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.30% or 3.75 to $1256.75 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.50% or 0.25 to hit $50.69 a barrel, while the December Brent oil contract rose 0.51% or 0.27 to trade at $52.78 a barrel.
CNY/PHP was down 0.10% to 7.2321, while USD/PHP fell 0.18% to 48.240.
The US Dollar Index was up 0.40% at 97.05.