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Philippines shares lower at close of trade; PSEi Composite down 0.66%

Published 2017-07-10, 04:35 a/m
Updated 2017-07-10, 04:35 a/m
Philippines shares lower at close of trade; PSEi Composite down 0.66%

Philippines shares lower at close of trade; PSEi Composite down 0.66%

Investing.com – Philippines equities were lower at the close on Monday, as losses in the Services, Holding Firms and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite fell 0.66%.

The biggest gainers of the session on the PSEi Composite were Emperador Inc (PS:EMP), which rose 2.74% or 0.220 points to trade at 8.250 at the close. Metropolitan Bank and Trust Co (PS:MBT) added 1.51% or 1.40 points to end at 94.15 and Bank of the Philippine Islands (PS:BPI) was up 0.49% or 0.50 points to 103.40 in late trade.

Biggest losers included Energy Development Corp (PS:EDC), which lost 5.63% or 0.340 points to trade at 5.700 in late trade. PLDT Inc (PS:TEL) declined 3.30% or 58.00 points to end at 1701.00 and JG Summit Holdings Inc (PS:JGS) shed 2.06% or 1.650 points to 78.350.

Declining stocks outnumbered rising ones by 103 to 91 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.20% or 2.42 to $1207.28 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.09% or 0.04 to hit $44.19 a barrel, while the September Brent oil contract fell 0.09% or 0.04 to trade at $46.67 a barrel.

CNY/PHP was up 0.52% to 7.4707, while USD/PHP rose 0.47% to 50.818.

The US Dollar Index Futures was down 0.01% at 95.77.

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