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Philippines stocks lower at close of trade; PSEi Composite down 1.58%

Philippines stocks lower at close of trade; PSEi Composite down 1.58%Philippines stocks lower at close of trade; PSEi Composite down 1.58%

Investing.com – Philippines stocks were lower after the close on Tuesday, as losses in the Holding Firms, Mining & Oil and Services sectors led shares lower.

At the close in Philippines, the PSEi Composite fell 1.58%.

The best performers of the session on the PSEi Composite were Energy Development Corp (PS:EDC), which rose 3.42% or 0.240 points to trade at 7.250 at the close. Meanwhile, Alliance Global Group Inc (PS:AGI) added 1.90% or 0.280 points to end at 15.040 and Robinsons Land Corp (PS:RLC) was up 1.55% or 0.400 points to 26.200 in late trade.

The worst performers of the session were Megaworld Corp (PS:MEG), which fell 5.11% or 0.280 points to trade at 5.200 at the close. GT Capital Holdings Inc (PS:GTCAP) declined 4.09% or 49.00 points to end at 1150.00 and Ayala Corp (PS:AC) was down 3.81% or 37.00 points to 935.00.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 121 to 69 and 54 ended unchanged.

Shares in Energy Development Corp (PS:EDC) rose to 52-week highs; rising 3.42% or 0.240 to 7.250.

Gold Futures for December delivery was up 0.04% or 0.49 to $1311.29 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.36% or 0.18 to hit $50.53 a barrel, while the November Brent oil contract rose 0.13% or 0.07 to trade at $55.55 a barrel.

CNY/PHP was down 0.56% to 7.7322, while USD/PHP fell 0.33% to 50.948.

The US Dollar Index Futures was down 0.07% at 91.75.

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