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Philippines shares lower at close of trade; PSEi Composite down 0.26%

Published 2017-03-07, 03:35 a/m
Philippines shares lower at close of trade; PSEi Composite down 0.26%
PSI
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PSMO
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BDO
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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 0.26%.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 3.49% or 64.00 points to trade at 1899.00 at the close. Security Bank Corp (PS:SECB) added 2.38% or 4.80 points to end at 206.80 and BDO Unibank Inc (PS:BDO) was up 1.76% or 2.10 points to 121.60 in late trade.

Biggest losers included LT Group Inc (PS:LTG), which lost 3.97% or 0.600 points to trade at 14.500 in late trade. SM Prime Holdings Inc (PS:SMPH) declined 2.37% or 0.700 points to end at 28.800 and Robinsons Land Corp (PS:RLC) shed 1.67% or 0.400 points to 23.600.

Declining stocks outnumbered rising ones by 107 to 83 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.01% or 0.15 to $1225.35 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.11% or 0.06 to hit $53.26 a barrel, while the May Brent oil contract rose 0.07% or 0.04 to trade at $56.05 a barrel.

CNY/PHP was up 0.03% to 7.2918, while USD/PHP fell 0.14% to 50.325.

The US Dollar Index Futures was down 0.06% at 101.61.

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