Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Property and Holding Firms sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.30%.
The biggest gainers of the session on the PSEi Composite were Energy Development Corp (PS:EDC), which rose 2.69% or 0.160 points to trade at 6.100 at the close. Alliance Global Group Inc (PS:AGI) added 1.84% or 0.280 points to end at 15.480 and Megaworld Corp (PS:MEG) was up 1.51% or 0.070 points to 4.700 in late trade.
Biggest losers included Robinsons Land Corp (PS:RLC), which lost 3.31% or 0.850 points to trade at 24.800 in late trade. Petron Corp (PS:PCOR) declined 2.49% or 0.280 points to end at 10.980 and International Container Terminal Services Inc (PS:ICT) shed 1.96% or 2.000 points to 100.000.
Declining stocks outnumbered rising ones by 106 to 97 and 39 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for June delivery was up 0.13% or 1.62 to $1263.72 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.83% or 0.41 to hit $49.25 a barrel, while the August Brent oil contract fell 0.88% or 0.46 to trade at $51.78 a barrel.
CNY/PHP was up 0.49% to 7.3035, while USD/PHP fell 0.02% to 49.820.
The US Dollar Index Futures was up 0.07% at 97.29.