The Philippine Stock Exchange Index (PCOMP) fell 0.4 percent to 5001.00, its second day of declines. The measure is heading for a 3.9 percent loss this month, the first monthly drop since November.
Sugar stocks: Central Azucarera de Tarlac (CAT PM), a sugar miller and refiner, slid 4.3 percent to 18 pesos, on course for the biggest slide since May 22. Roxas Holdings Inc. (ROX) , the nation’s biggest producer of raw sugar, lost 1.5 percent to 2.56 pesos.
Raw-sugar futures for July delivery fell 0.3 percent to 19.48 cents a pound on ICE Futures U.S. in New York. In May, the price has dropped 7.8 percent.
Pacific Online Systems Corp. (LOTO) , a supplier of online lottery system, gained 1 percent to 20.5 pesos. The company bought back 5,000 shares at 20.40 pesos each, a stock exchange filing showed.
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