Investing.com – Philippines equities were lower at the close on Friday, as losses in the Holding Firms, Property and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 1.89%.
The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 2.25% or 0.450 points to trade at 20.450 at the close. Metro Pacific Investments Corp (PS:MPI) added 0.50% or 0.026 points to end at 5.200 and Jollibee Foods Corp (PS:JFC) was up 0.42% or 1.20 points to 288.00 in late trade.
Biggest losers included Ayala Land Inc (PS:ALI), which lost 3.81% or 1.600 points to trade at 40.350 in late trade. GT Capital Holdings Inc (PS:GTCAP) declined 3.23% or 39.00 points to end at 1170.00 and SM Investments Corp (PS:SM) shed 3.16% or 31.00 points to 949.00.
Declining stocks outnumbered rising ones by 141 to 67 and 39 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for April delivery was up 0.97% or 12.90 to $1340.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.82% or 0.53 to hit $64.83 a barrel, while the May Brent oil contract rose 0.58% or 0.40 to trade at $69.31 a barrel.
CNY/PHP was up 0.04% to 8.2769, while USD/PHP fell 0.16% to 52.345.
The US Dollar Index Futures was down 0.25% at 89.25.