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Philippines equities slump at close of trade
On Thursday, Philippines shares dived after the close because losses in the Mining & Oil, Holding Firms as well as Property sectors suppressed equiites.
The PSEi Composite went down 0.60%.
On the PSEi Composite the best performance was demonstrated by such benchmarks as GT Capital Holdings Inc, Security Bank Corp and Robinsons Land Corp. They went up 2.15%, 2.05% and 1.73% respectively.
Meanwhile, the losers were represented by Semirara Mining Corp, JG Summit Holdings Inc and Petron Corp. They inched down respectively 5.11%, 4.75% and 2.70%.
Declining equities outnumbered growing shares on the Philippines Stock Exchange by 105 to 91, while 50 stood still.
The currency pair CNY/PHP gained 0.05% reaching 7.6680, USD/PHP managed to soar 0.02% being worth 51.000.
The US Dollar Index Futures headed south 0.03% demonstrating an outcome of 93.28.
Meanwhile, December delivery gold futures rose 0.23% trading at $1279.68 a troy ounce.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.