Philippines stocks lower at close of trade; PSEi Composite down 0.49%Philippines stocks lower at close of trade; PSEi Composite down 0.49% – Philippines stocks were lower after the close on Friday, as losses in the Services, Holding Firms and Banking & Financials sectors led shares lower.

At the close in Philippines, the PSEi Composite declined 0.49% to hit a new 52-week low.

The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 1.95% or 2.20 points to trade at 115.00 at the close. Meanwhile, Ayala Land Inc (PS:ALI) added 1.35% or 0.500 points to end at 37.550 and SM Prime Holdings Inc (PS:SMPH) was up 1.06% or 0.350 points to 33.250 in late trade.

The worst performers of the session were Robinsons Land Corp (PS:RLC), which fell 3.32% or 0.640 points to trade at 18.620 at the close. Aboitiz Equity Ventures Inc (PS:AEV) declined 2.89% or 1.650 points to end at 55.350 and Alliance Global Group Inc (PS:AGI) was down 2.76% or 0.340 points to 12.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 128 to 75 and 46 ended unchanged.

Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 52-week lows; falling 2.89% or 1.650 to 55.350. Shares in Alliance Global Group Inc (PS:AGI) fell to 5-year lows; losing 2.76% or 0.340 to 12.000.

Gold Futures for August delivery was down 0.04% or 0.50 to $1270.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.17% or 0.77 to hit $66.31 a barrel, while the August Brent oil contract rose 1.34% or 0.98 to trade at $74.03 a barrel.

CNY/PHP was down 0.16% to 8.2059, while USD/PHP fell 0.04% to 53.306.

The US Dollar Index Futures was down 0.29% at 94.27.

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