Philippines equities decline at close of trade

Philippines equities decline at close of trade

On Friday, Philippines stocks went down after the close because losses in the Holding Firms, Services as well as Banking & Financials sectors suppressed stocks.

The PSEi Composite headed south 1.64%.

On the PSEi Composite the best performers were represented by such benchmarks as First Gen Corp, Alliance Global Group Inc and Metropolitan Bank and Trust Co. They rallied respectively 1.81%, 0.38% and 0.33%.   

Meanwhile, the worst performance was demonstrated by Bank of the Philippine Islands, Aboitiz Power Corp and Aboitiz Equity Ventures Inc. They inched down respectively 4.16%, 4.14% and 4.00%.

Diving equities supplanted growing ones on the Philippines Stock Exchange by 107 to 77, while 59 were intact.

The currency pair CNY/PHP headed south 0.62% being worth 7.7207, USD/PHP inched down 0.47% trading at 51.180.

The US Dollar Index Futures gained 0.10% showing an outcome of 94.71.

Meanwhile, December delivery gold futures lost 0.11% trading at $1276.74 a troy ounce.

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