Investing.com – Philippines equities were lower at the close on Friday, as losses in the Holding Firms, Services and Industrials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 2.88% to hit a new 6-month low.
The biggest gainers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 0.18% or 0.20 points to trade at 110.50 at the close. Manila Electric Co (PS:MER) added 0.14% or 0.400 points to end at 278.400 and San Miguel Corp (PS:SMC) was unchanged 0.00% or 0.000 points to 80.300 in late trade.
Biggest losers included Ayala Corp (PS:AC), which lost 6.25% or 50.000 points to trade at 750.000 in late trade. Alliance Global Group Inc (PS:AGI) declined 5.59% or 0.760 points to end at 12.840 and Robinsons Land Corp (PS:RLC) shed 5.59% or 1.600 points to 27.000.
Declining stocks outnumbered rising ones by 151 to 28 and 45 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was down 0.89% or 11.25 to $1255.15 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.63% or 0.28 to hit $44.38 a barrel, while the January Brent oil contract fell 0.33% or 0.15 to trade at $45.69 a barrel.
CNY/PHP was up 0.06% to 7.2033, while USD/PHP rose 0.29% to 49.105.
The US Dollar Index was up 0.01% at 98.80.