Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Mining & Oil, Banking & Financials and Property sectors propelled shares lower.
At the close in Philippines, the PSEi Composite fell 1.21% to hit a new 3-month low.
The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 0.28% or 0.500 points to trade at 180.500 at the close. Metropolitan Bank and Trust Co (PS:MBT) added 0.18% or 0.15 points to end at 84.70 and Emperador Inc (PS:EMP) was unchanged 0.00% or 0.000 points to 7.300 in late trade.
Biggest losers included Security Bank Corp (PS:SECB), which lost 7.31% or 16.00 points to trade at 202.80 in late trade. Megaworld Corp (PS:MEG) declined 4.81% or 0.220 points to end at 4.350 and First Gen Corp (PS:FGEN) shed 4.38% or 1.05 points to 22.95.
Declining stocks outnumbered rising ones by 157 to 32 and 44 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.17% or 2.15 to $1258.05 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.41% or 0.21 to hit $51.00 a barrel, while the December Brent oil contract rose 0.63% or 0.33 to trade at $52.74 a barrel.
CNY/PHP was up 0.28% to 7.2371, while USD/PHP rose 0.16% to 48.599.
The US Dollar Index was down 0.04% at 97.68.