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Philippines stocks lower at close of trade; PSEi Composite down 1.21%

Published 10/12/2016, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 1.21%

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

At the close in Philippines, the PSEi Composite fell 1.21% to hit a new 3-months low.

The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 0.28% or 0.500 points to trade at 180.500 at the close. Meanwhile, Metropolitan Bank and Trust Co (PS:MBT) added 0.18% or 0.15 points to end at 84.70 and Emperador Inc (PS:EMP) was unchanged 0.00% or 0.000 points to 7.300 in late trade.

The worst performers of the session were Security Bank Corp (PS:SECB), which fell 7.31% or 16.00 points to trade at 202.80 at the close. Megaworld Corp (PS:MEG) declined 4.81% or 0.220 points to end at 4.350 and First Gen Corp (PS:FGEN) was down 4.38% or 1.05 points to 22.95.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 157 to 32 and 44 ended unchanged.

Gold for December delivery was up 0.17% or 2.15 to $1258.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.43% or 0.22 to hit $51.01 a barrel, while the December Brent oil contract rose 0.63% or 0.33 to trade at $52.74 a barrel.

CNY/PHP was up 0.28% to 7.2371, while USD/PHP rose 0.16% to 48.599.

The US Dollar Index was down 0.04% at 97.68.

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