Investing.com – Philippines stocks were lower after the close on Friday, as losses in the Holding Firms, Banking & Financials and Services sectors led shares lower.
At the close in Philippines, the PSEi Composite lost 2.04% to hit a new 1-month low.
The best performers of the session on the PSEi Composite were GT Capital Holdings Inc (PS:GTCAP), which rose 1.82% or 22.00 points to trade at 1230.00 at the close. Meanwhile, Aboitiz Equity Ventures Inc (PS:AEV) added 1.03% or 0.750 points to end at 73.850 and DMCI Holdings Inc (PS:DMC) was up 0.81% or 0.100 points to 12.460 in late trade.
The worst performers of the session were SM Investments Corp (PS:SM), which fell 9.24% or 61.00 points to trade at 599.00 at the close. Emperador Inc (PS:EMP) declined 5.79% or 0.390 points to end at 6.350 and Metropolitan Bank and Trust Co (PS:MBT) was down 3.69% or 2.95 points to 77.05.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 101 to 73 and 47 ended unchanged.
Shares in SM Investments Corp (PS:SM) fell to 52-week lows; falling 9.24% or 61.00 to 599.00. Shares in Emperador Inc (PS:EMP) fell to 3-years lows; losing 5.79% or 0.390 to 6.350.
Gold Futures for April delivery was down 0.62% or 7.45 to $1195.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.37% or 0.18 to hit $49.46 a barrel, while the May Brent oil contract rose 0.33% or 0.17 to trade at $52.36 a barrel.
CNY/PHP was down 0.11% to 7.2741, while USD/PHP fell 0.12% to 50.322.
The US Dollar Index Futures was down 0.12% at 101.86.