Investing.com – Philippines equities were lower at the close on Friday, as losses in the Holding Firms, Property and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 1.29%.
The biggest gainers of the session on the PSEi Composite were Philex Mining Corp (PS:PX), which rose 8.42% or 0.640 points to trade at 8.240 at the close. Jollibee Foods Corp (PS:JFC) added 1.21% or 2.800 points to end at 235.000 and Bank of the Philippine Islands (PS:BPI) was up 0.67% or 0.65 points to 97.05 in late trade.
Biggest losers included Bloomberry Resorts Corp (PS:BLOOM), which lost 7.46% or 0.440 points to trade at 5.460 in late trade. Petron Corp (PS:PCOR) declined 3.53% or 0.400 points to end at 10.920 and Semirara Mining Corp (PS:SCC) shed 3.15% or 3.8000 points to 117.0000.
Declining stocks outnumbered rising ones by 156 to 35 and 40 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 4.67% or 58.95 to $1322.05 a troy ounce. Meanwhile, Crude oil for delivery in August fell 4.15% or 2.08 to hit $48.03 a barrel, while the August Brent oil contract fell 4.22% or 2.15 to trade at $48.76 a barrel.
CNY/PHP was up 0.38% to 7.0909, while USD/PHP rose 0.99% to 46.920.
The US Dollar Index was up 2.23% at 95.41.