Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Property, Services and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.38%.
The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 2.94% or 50.000 points to trade at 1750.000 at the close. LT Group Inc (PS:LTG) added 2.88% or 0.380 points to end at 13.580 and Robinsons Land Corp (PS:RLC) was up 1.61% or 0.400 points to 25.250 in late trade.
Biggest losers included PLDT Inc (PS:TEL), which lost 3.27% or 49.00 points to trade at 1451.00 in late trade. Metropolitan Bank and Trust Co (PS:MBT) declined 2.64% or 2.10 points to end at 77.30 and Universal Robina Corp (PS:URC) shed 1.97% or 3.300 points to 164.500.
Declining stocks outnumbered rising ones by 99 to 93 and 46 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for April delivery was down 0.06% or 0.75 to $1235.35 a troy ounce. Meanwhile, Crude oil for delivery in March fell 1.00% or 0.52 to hit $51.65 a barrel, while the April Brent oil contract fell 0.62% or 0.34 to trade at $54.71 a barrel.
CNY/PHP was up 0.35% to 7.2553, while USD/PHP rose 0.30% to 49.910.
The US Dollar Index Futures was up 0.18% at 100.57.