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Philippines shares lower at close of trade; PSEi Composite down 0.82%

Published 29/03/2016, 09:35
Philippines shares lower at close of trade; PSEi Composite down 0.82%
PSI
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PSFI
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PSHO
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FGEN
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MER
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Investing.com – Philippines equities were lower at the close on Tuesday, as losses in the Holding Firms, Banking & Financials and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.82%.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS:MER), which rose 1.88% or 6.000 points to trade at 326.000 at the close. First Gen Corp (PS:FGEN) added 1.87% or 0.40 points to end at 21.80 and Philex Mining Corp (PS:PX) was up 1.07% or 0.060 points to 5.680 in late trade.

Biggest losers included GT Capital Holdings Inc (PS:GTCAP), which lost 2.68% or 39.000 points to trade at 1417.000 in late trade. Jollibee Foods Corp (PS:JFC) declined 2.56% or 6.000 points to end at 228.000 and International Container Terminal Services Inc (PS:ICT) shed 2.01% or 1.350 points to 65.650.

Advancing stocks outnumbered falling ones by 103 to 90 and 27 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for June delivery was down 0.11% or 1.40 to $1220.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.12% or 0.44 to hit $38.95 a barrel, while the June Brent oil contract fell 1.27% or 0.52 to trade at $40.35 a barrel.

CNY/PHP was down 0.37% to 7.1172, while USD/PHP rose 0.04% to 46.375.

The US Dollar Index was up 0.13% at 96.11.

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