Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Property, Services and Industrials sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 2.25% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 1.61% or 0.800 points to trade at 50.500 at the close. Meanwhile, Energy Development Corp (PS:EDC) unchanged 0.00% or 0.000 points to end at 5.200 and Emperador Inc (PS:EMP) was unchanged 0.00% or 0.000 points to 7.180 in late trade.
The worst performers of the session were PLDT Inc (PS:TEL), which fell 6.50% or 80.00 points to trade at 1150.00 at the close. GT Capital Holdings Inc (PS:GTCAP) declined 5.64% or 55.00 points to end at 920.00 and SM Prime Holdings Inc (PS:SMPH) was down 4.64% or 1.600 points to 32.900.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 162 to 38 and 41 ended unchanged.
Shares in PLDT Inc (PS:TEL) fell to 5-year lows; losing 6.50% or 80.00 to 1150.00. Shares in GT Capital Holdings Inc (PS:GTCAP) fell to 3-years lows; down 5.64% or 55.00 to 920.00.
Gold Futures for August delivery was down 0.70% or 8.90 to $1265.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.90% or 0.59 to hit $65.12 a barrel, while the August Brent oil contract fell 1.32% or 0.99 to trade at $73.75 a barrel.
CNY/PHP was down 0.49% to 8.2261, while USD/PHP rose 0.23% to 53.420.
The US Dollar Index Futures was up 0.22% at 94.99.