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Philippines shares lower at close of trade; PSEi Composite down 0.54%

Published 2016-10-31, 04:35 a/m
Philippines shares lower at close of trade; PSEi Composite down 0.54%

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

At the close in Philippines, the PSEi Composite lost 0.54%.

The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 2.15% or 0.650 points to trade at 30.950 at the close. JG Summit Holdings Inc (PS:JGS) added 1.88% or 1.400 points to end at 76.000 and Aboitiz Equity Ventures Inc (PS:AEV) was up 1.69% or 1.300 points to 78.000 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS:MBT), which lost 4.58% or 3.90 points to trade at 81.30 in late trade. Jollibee Foods Corp (PS:JFC) declined 2.06% or 5.000 points to end at 238.000 and Ayala Land Inc (PS:ALI) shed 2.03% or 0.750 points to 36.250.

Declining stocks outnumbered rising ones by 0 to 0 on the Philippines Stock Exchange.

In commodities trading, Gold for December delivery was down 0.10% or 1.30 to $1275.50 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.18% or 0.09 to hit $48.61 a barrel, while the January Brent oil contract fell 0.18% or 0.09 to trade at $50.59 a barrel.

CNY/PHP was down 0.18% to 7.1525, while USD/PHP fell 0.25% to 48.442.

The US Dollar Index was up 0.18% at 98.49.

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