Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms, Services and Property 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 Energy Development Corp (PS:EDC), which rose 2.67% or 0.140 points to trade at 5.390 at the close. First Gen Corp (PS:FGEN) added 1.85% or 0.40 points to end at 22.00 and Security Bank Corp (PS:SECB) was up 0.93% or 2.00 points to 217.00 in late trade.
Biggest losers included Globe Telecom Inc (PS:GLO), which lost 2.35% or 43.000 points to trade at 1783.000 in late trade. Alliance Global Group Inc (PS:AGI) declined 2.34% or 0.320 points to end at 13.380 and Manila Electric Co (PS:MER) shed 1.81% or 5.200 points to 282.800.
Declining stocks outnumbered rising ones by 98 to 88 and 52 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 0.42% or 5.00 to $1190.50 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.26% or 0.13 to hit $50.95 a barrel, while the March Brent oil contract rose 0.24% or 0.13 to trade at $53.77 a barrel.
CNY/PHP was up 0.09% to 7.1579, while USD/PHP rose 0.13% to 49.575.
The US Dollar Index was up 0.01% at 102.02.