Philippines stocks lower at close of trade; PSEi Composite down 0.66%





Philippines stocks were lower after the close on Friday, as losses in the Services, Banking & Financials and Property sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.66% to hit a new 52-week low.

The best performers of the session on the PSEi Composite were Philex Mining (PS:PX), which rose 0.91% or 0.040 points to trade at 4.450 at the close. Meanwhile, Energy Develop (PS:EDC) added 0.88% or 0.050 points to end at 5.700 and Petron (PS:PCOR) was up 0.78% or 0.050 points to 6.460 in late trade.

The worst performers of the session were Bloomberry Res (PS:BLOOM), which fell 4.43% or 0.170 points to trade at 3.670 at the close. Metropolitan B (PS:MBT) declined 2.75% or 2.10 points to end at 74.40 and Bdo Unibank (PS:BDO) was down 2.45% or 2.50 points to 99.50.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 141 to 43 and 18 ended unchanged.
Shares in Bloomberry Res (PS:BLOOM) fell to 3-years lows; down 4.43% or 0.170 to 3.670. Shares in Metropolitan B (PS:MBT) fell to 52-week lows; down 2.75% or 2.10 to 74.40.

Gold for February delivery was down 0.68% or 7.50 to $1100.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.28% or 0.42 to hit $33.70 a barrel, while the February Brent oil contract rose 1.65% or 0.56 to trade at $34.27 a barrel.

CNY/PHP was up 0.46% to 7.1634, while USD/PHP rose 0.39% to 47.193.

The US Dollar Index was up 0.47% at 98.75.

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