Investing.com – Philippines stocks were lower after the close on Thursday, as losses in the Property, Mining & Oil and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite lost 1.58% to hit a new 3-months low.
The best performers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 2.42% or 0.170 points to trade at 7.200 at the close. Meanwhile, Security Bank Corp (PS:SECB) added 2.07% or 4.20 points to end at 207.00 and LT Group Inc (PS:LTG) was up 0.71% or 0.100 points to 14.160 in late trade.
The worst performers of the session were Megaworld Corp (PS:MEG), which fell 5.52% or 0.240 points to trade at 4.110 at the close. SM Prime Holdings Inc (PS:SMPH) declined 5.27% or 1.450 points to end at 26.050 and Robinsons Land Corp (PS:RLC) was down 4.92% or 1.500 points to 29.000.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 163 to 29 and 44 ended unchanged.
Gold for December delivery was up 0.47% or 5.90 to $1259.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.46% or 0.23 to hit $49.95 a barrel, while the December Brent oil contract fell 0.21% or 0.11 to trade at $51.70 a barrel.
CNY/PHP was down 0.37% to 7.2041, while USD/PHP fell 0.27% to 48.455.
The US Dollar Index was up 0.07% at 98.06.