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Philippines stocks lower at close of trade; PSEi Composite down 1.67%
Philippines stocks lower at close of trade; PSEi Composite down 1.67%
Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Holding Firms, Property and Services sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.67% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were Aboitiz Power Corp (PS:AP), which rose 2.76% or 0.90 points to trade at 33.50 at the close. Meanwhile, Petron Corp (PS:PCOR) added 2.02% or 0.170 points to end at 8.570 and Aboitiz Equity Ventures Inc (PS:AEV) was up 1.86% or 0.850 points to 46.550 in late trade.
The worst performers of the session were Robinsons Land Corp (PS:RLC), which fell 7.73% or 1.600 points to trade at 19.100 at the close. GT Capital Holdings Inc (PS:GTCAP) declined 5.49% or 39.00 points to end at 671.00 and Robinsons Retail Holdings Inc (PS:RRHI) was down 3.85% or 3.000 points to 75.000.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 167 to 38 and 34 ended unchanged.
Shares in GT Capital Holdings Inc (PS:GTCAP) fell to 5-year lows; losing 5.49% or 39.00 to 671.00. Shares in Robinsons Retail Holdings Inc (PS:RRHI) fell to 52-week lows; falling 3.85% or 3.000 to 75.000.
Gold Futures for December delivery was up 0.61% or 7.30 to $1200.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.13% or 0.83 to hit $72.34 a barrel, while the December Brent oil contract fell 1.17% or 0.97 to trade at $82.12 a barrel.
CNY/PHP was down 0.12% to 7.8171, while USD/PHP fell 0.06% to 54.172.
The US Dollar Index Futures was down 0.20% at 95.03.
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