Investing.com – Philippines equities were lower at the close on Friday, as losses in the Property, Banking & Financials and Services sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.77%.
The biggest gainers of the session on the PSEi Composite were SM Investments Corp (PS:SM), which rose 0.83% or 5.666 points to trade at 689.000 at the close. Metro Pacific Investments Corp (PS:MPI) added 0.67% or 0.050 points to end at 7.500 and Globe Telecom Inc (PS:GLO) was up 0.62% or 14.000 points to 2268.000 in late trade.
Biggest losers included Robinsons Land Corp (PS:RLC), which lost 3.03% or 1.000 points to trade at 32.000 in late trade. International Container Terminal Services Inc (PS:ICT) declined 2.74% or 1.800 points to end at 64.000 and Bank of the Philippine Islands (PS:BPI) shed 2.64% or 2.60 points to 96.00.
Declining stocks outnumbered rising ones by 123 to 79 and 36 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was down 0.22% or 2.95 to $1338.25 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.92% or 0.38 to hit $40.76 a barrel, while the October Brent oil contract fell 1.09% or 0.47 to trade at $42.76 a barrel.
CNY/PHP was up 0.20% to 7.0877, while USD/PHP rose 0.16% to 47.150.
The US Dollar Index was down 0.29% at 96.41.