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Philippines shares lower at close of trade; PSEi Composite down 0.58%
Published Sep 06, 2016 04:35
Philippines shares lower at close of trade; PSEi Composite down 0.58%
Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Property, Holding Firms and Mining & Oil sectors propelled shares lower.
At the close in Philippines, the PSEi Composite fell 0.58% to hit a new 1-month low.
The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 2.21% or 4.000 points to trade at 184.900 at the close. Globe Telecom Inc (PS:GLO) added 1.77% or 36.000 points to end at 2070.000 and Bank of the Philippine Islands (PS:BPI) was up 0.86% or 0.90 points to 106.00 in late trade.
Biggest losers included Bloomberry Resorts Corp (PS:BLOOM), which lost 3.05% or 0.170 points to trade at 5.410 in late trade. Philex Mining Corp (PS:PX) declined 2.31% or 0.200 points to end at 8.450 and JG Summit Holdings Inc (PS:JGS) shed 2.04% or 1.600 points to 76.800.
Declining stocks outnumbered rising ones by 107 to 74 and 55 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.46% or 6.05 to $1332.75 a troy ounce. Meanwhile, Crude oil for delivery in October rose 1.37% or 0.61 to hit $45.05 a barrel, while the November Brent oil contract fell 0.61% or 0.29 to trade at $47.34 a barrel.
CNY/PHP was up 0.05% to 6.9705, while USD/PHP rose 0.13% to 46.580.
The US Dollar Index was down 0.09% at 95.65.
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