Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Property and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite fell 0.40%.
The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 1.92% or 1.500 points to trade at 79.500 at the close. Emperador Inc (PS:EMP) added 1.85% or 0.130 points to end at 7.150 and Robinsons Land Corp (PS:RLC) was up 1.84% or 0.450 points to 24.950 in late trade.
Biggest losers included PLDT Inc (PS:TEL), which lost 2.41% or 45.00 points to trade at 1825.00 in late trade. Ayala Corp (PS:AC) declined 1.92% or 16.50 points to end at 841.50 and Globe Telecom Inc (PS:GLO) shed 1.87% or 40.00 points to 2100.00.
Declining stocks outnumbered rising ones by 107 to 93 and 42 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was up 0.32% or 4.02 to $1247.52 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.48% or 0.21 to hit $43.30 a barrel, while the August Brent oil contract fell 0.54% or 0.25 to trade at $45.77 a barrel.
CNY/PHP was up 0.41% to 7.3837, while USD/PHP rose 0.43% to 50.428.
The US Dollar Index Futures was up 0.03% at 97.43.