Investing.com – Philippines equities were lower at the close on Thursday, as losses in the Services, Holding Firms and Mining & Oil sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 1.16% to hit a new 1-month low.
The biggest gainers of the session on the PSEi Composite were BDO Unibank Inc (PS:BDO), which rose 0.30% or 0.30 points to trade at 100.30 at the close. San Miguel Corp (PS:SMC) added 0.29% or 0.200 points to end at 68.500 and Ayala Land Inc (PS:ALI) was up 0.15% or 0.050 points to 33.800 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 4.03% or 0.150 points to trade at 3.570 in late trade. Philippine Long Distance Telephone Company (PS:TEL) declined 3.94% or 69.00 points to end at 1681.00 and JG Summit Holdings Inc (PS:JGS) shed 3.07% or 2.500 points to 79.000.
Declining stocks outnumbered rising ones by 120 to 55 and 45 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was up 0.28% or 3.60 to $1278.00 a troy ounce. Meanwhile, Crude oil for delivery in June rose 3.11% or 1.36 to hit $45.14 a barrel, while the July Brent oil contract rose 2.49% or 1.11 to trade at $45.73 a barrel.
CNY/PHP was up 0.20% to 7.2632, while USD/PHP rose 0.36% to 47.250.
The US Dollar Index was up 0.30% at 93.55.