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Philippines stocks lower at close of trade; PSEi Composite down 0.43%

Published 05/26/2015, 04:35 AM
Philippines stocks lower at close of trade; PSEi Composite down 0.43%
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Investing.com – Philippines stocks were lower after the close on Tuesday, as losses in the Mining & Oil, Services and Holding Firms sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.43%.

The best performers of the session on the PSEi Composite were Petron (PS:PCOR), which rose 1.96% or 0.190 points to trade at 9.880 at the close. Meanwhile, Ayala Land (PS:ALI) added 1.64% or 0.650 points to end at 40.300 and First Gen (PS:FGEN) was up 0.19% or 0.05 points to 26.70 in late trade.

The worst performers of the session were Megaworld Corp (PS:MEG), which fell 3.80% or 0.190 points to trade at 4.810 at the close. Lt Group (PS:LTG) declined 3.38% or 0.480 points to end at 13.720 and Philex Mining (PS:PX) was down 2.93% or 0.190 points to 6.300.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 165 to 37 and 10 ended unchanged.

Shares in Philex Mining (PS:PX) fell to 3-years lows; falling 2.93% or 0.190 to 6.300.

Gold for August delivery was down 0.73% or 8.80 to $1196.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.69% or 0.41 to hit $59.30 a barrel, while the July Brent oil contract fell 0.77% or 0.51 to trade at $65.02 a barrel.

CNY/PHP was up 0.26% to 7.2117, while USD/PHP rose 0.28% to 44.735.

The US Dollar Index was up 0.72% at 97.16.

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