Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Holding Firms and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.93%.
The biggest gainers of the session on the PSEi Composite were Security Bank Corp (PS:SECB), which rose 1.00% or 2.00 points to trade at 203.00 at the close. Aboitiz Power Corp (PS:AP) added 0.95% or 0.40 points to end at 42.70 and Globe Telecom Inc (PS:GLO) was up 0.84% or 16.00 points to 1929.00 in late trade.
Biggest losers included Metro Pacific Investments Corp (PS:MPI), which lost 3.23% or 0.200 points to trade at 6.000 in late trade. JG Summit Holdings Inc (PS:JGS) declined 3.07% or 2.500 points to end at 79.000 and International Container Terminal Services Inc (PS:ICT) shed 2.95% or 2.600 points to 85.500.
Declining stocks outnumbered rising ones by 126 to 57 and 53 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for April delivery was up 0.12% or 1.45 to $1247.95 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.60% or 0.29 to hit $47.95 a barrel, while the May Brent oil contract fell 0.65% or 0.33 to trade at $50.63 a barrel.
CNY/PHP was up 0.23% to 7.3022, while USD/PHP rose 0.23% to 50.295.
The US Dollar Index Futures was up 0.05% at 99.60.