Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Holding Firms, Property and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 1.29%.
The best performers of the session on the PSEi Composite were Philex Mining Corp (PS:PX), which rose 8.42% or 0.640 points to trade at 8.240 at the close. Meanwhile, Jollibee Foods Corp (PS:JFC) added 1.21% or 2.800 points to end at 235.000 and Bank of the Philippine Islands (PS:BPI) was up 0.67% or 0.65 points to 97.05 in late trade.
The worst performers of the session were Bloomberry Resorts Corp (PS:BLOOM), which fell 7.46% or 0.440 points to trade at 5.460 at the close. Petron Corp (PS:PCOR) declined 3.53% or 0.400 points to end at 10.920 and Semirara Mining Corp (PS:SCC) was down 3.15% or 3.8000 points to 117.0000.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 156 to 35 and 40 ended unchanged.
Gold for August delivery was up 4.69% or 59.30 to $1322.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 4.11% or 2.06 to hit $48.05 a barrel, while the August Brent oil contract fell 4.20% or 2.14 to trade at $48.77 a barrel.
CNY/PHP was up 0.38% to 7.0909, while USD/PHP rose 0.99% to 46.920.
The US Dollar Index was up 2.23% at 95.41.