Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Services, Holding Firms and Mining & Oil sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.16% to hit a new 1-month low.
The best performers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 0.30% or 0.30 points to trade at 100.30 at the close. Meanwhile, San Miguel Corp (PS:SMC) added 0.29% or 0.200 points to end at 68.500 and Ayala Land Inc (PS:ALI) was up 0.15% or 0.050 points to 33.800 in late trade.
The worst performers of the session were Megaworld Corp (PS:MEG), which fell 4.03% or 0.150 points to trade at 3.570 at the close. Philippine Long Distance Telephone Company (PS:TEL) declined 3.94% or 69.00 points to end at 1681.00 and JG Summit Holdings Inc (PS:JGS) was down 3.07% or 2.500 points to 79.000.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 120 to 55 and 45 ended unchanged.
Shares in Philippine Long Distance Telephone Company (PS:TEL) fell to 3-years lows; falling 3.94% or 69.00 to 1681.00.
Gold for June delivery was up 0.28% or 3.60 to $1278.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.11% or 1.36 to hit $45.14 a barrel, while the July Brent oil contract rose 2.49% or 1.11 to trade at $45.73 a barrel.
CNY/PHP was up 0.20% to 7.2632, while USD/PHP rose 0.36% to 47.250.
The US Dollar Index was up 0.29% at 93.54.