Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Property, Industrials and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 0.58%.
The biggest gainers of the session on the PSEi Composite were Lt Group (PS:LTG), which rose 3.60% or 0.540 points to trade at 15.540 at the close. Ayala Corp (PS:AC) added 1.37% or 11.000 points to end at 812.000 and Petron (PS:PCOR) was up 1.02% or 0.100 points to 9.900 in late trade.
Biggest losers included Energy Develop (PS:EDC), which lost 2.51% or 0.210 points to trade at 8.160 in late trade. Alliance Globa (PS:AGI) declined 2.14% or 0.550 points to end at 25.100 and Sm Investment (PS:SM) shed 1.57% or 14.500 points to 910.500.
Declining stocks outnumbered rising ones by 113 to 83 and 17 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was down 0.20% or 2.40 to $1190.80 a troy ounce. Meanwhile, Crude oil for delivery in June rose 2.29% or 1.39 to hit $61.78 a barrel, while the June Brent oil contract rose 1.85% or 1.25 to trade at $68.77 a barrel.
CNY/PHP was down 0.20% to 7.1729, while USD/PHP fell 0.10% to 44.555.
The US Dollar Index was down 0.37% at 94.92.