Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Property, Services and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite fell 1.59%.
The biggest gainers of the session on the PSEi Composite were GT Capital Holdings Inc (PS:GTCAP), which rose 0.76% or 10.000 points to trade at 1329.000 at the close. Ayala Corp (PS:AC) added 0.45% or 3.500 points to end at 790.000 and Energy Development Corp (PS:EDC) was up 0.38% or 0.020 points to 5.270 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 6.08% or 0.230 points to trade at 3.550 in late trade. JG Summit Holdings Inc (PS:JGS) declined 3.88% or 2.950 points to end at 73.000 and Metropolitan Bank and Trust Co (PS:MBT) shed 3.72% or 2.90 points to 75.00.
Declining stocks outnumbered rising ones by 128 to 67 and 42 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 1.32% or 15.80 to $1212.00 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.46% or 0.24 to hit $52.61 a barrel, while the March Brent oil contract rose 0.09% or 0.05 to trade at $55.91 a barrel.
CNY/PHP was up 0.06% to 7.2381, while USD/PHP fell 0.24% to 49.741.
The US Dollar Index was down 0.58% at 100.94.