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Philippines shares lower at close of trade; PSEi Composite down 0.65%

Published 2016-11-29, 03:35 a/m
Philippines shares lower at close of trade; PSEi Composite down 0.65%
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Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Services, Holding Firms and Mining & Oil sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.65% to hit a new 6-month low.

The biggest gainers of the session on the PSEi Composite were Jollibee Foods Corp (PS:JFC), which rose 2.76% or 5.800 points to trade at 215.800 at the close. DMCI Holdings Inc (PS:DMC) added 2.58% or 0.340 points to end at 13.500 and Petron Corp (PS:PCOR) was up 2.09% or 0.190 points to 9.300 in late trade.

Biggest losers included PLDT Inc (PS:TEL), which lost 6.36% or 86.00 points to trade at 1266.00 in late trade. Metro Pacific Investments Corp (PS:MPI) declined 3.73% or 0.240 points to end at 6.200 and Robinsons Land Corp (PS:RLC) shed 3.38% or 0.900 points to 25.750.

Declining stocks outnumbered rising ones by 119 to 58 and 49 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for December delivery was down 0.19% or 2.30 to $1188.50 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.62% or 0.29 to hit $46.79 a barrel, while the February Brent oil contract fell 0.75% or 0.37 to trade at $48.84 a barrel.

CNY/PHP was up 0.35% to 7.2208, while USD/PHP rose 0.06% to 49.760.

The US Dollar Index was up 0.14% at 101.35.

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