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Philippines stocks lower at close of trade; PSEi Composite down 1.23%

Published 05/28/2015, 04:35 AM
Updated 05/28/2015, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.23%

Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Property, Banking & Financials and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 1.23% to hit a new 3-months low.

The best performers of the session on the PSEi Composite were Bloomberry Res (PS:BLOOM), which rose 3.11% or 0.280 points to trade at 9.290 at the close. Meanwhile, Alliance Globa (PS:AGI) added 2.87% or 0.650 points to end at 23.300 and Energy Develop (PS:EDC) was up 2.54% or 0.190 points to 7.660 in late trade.

The worst performers of the session were Bdo Unibank (PS:BDO), which fell 5.02% or 5.60 points to trade at 106.00 at the close. Jg Summit (PS:JGS) declined 4.50% or 3.150 points to end at 66.900 and Dmci Holdings (PS:DMC) was down 3.51% or 0.480 points to 13.200.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 116 to 66 and 23 ended unchanged.

Shares in Dmci Holdings (PS:DMC) fell to 52-week lows; losing 3.51% or 0.480 to 13.200.

Gold for August delivery was up 0.33% or 3.90 to $1190.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.20% or 0.12 to hit $57.62 a barrel, while the July Brent oil contract rose 0.62% or 0.39 to trade at $62.45 a barrel.

CNY/PHP was down 0.32% to 7.1942, while USD/PHP fell 0.38% to 44.584.

The US Dollar Index was down 0.12% at 97.22.

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