Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Mining & Oil, Holding Firms and Services sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.77% to hit a new 1-month low.
The biggest gainers of the session on the PSEi Composite were San Miguel Cor (PS:SMC), which rose 1.92% or 1.300 points to trade at 69.000 at the close. Bk Of Phi Isla (PS:BPI) added 1.07% or 1.10 points to end at 104.00 and Robinsons Land (PS:RLC) was up 1.00% or 0.300 points to 30.200 in late trade.
Biggest losers included Globe Telecom (PS:GLO), which lost 3.14% or 70.000 points to trade at 2160.000 in late trade. Metro Pacifi I (PS:MPI) declined 1.93% or 0.090 points to end at 4.580 and Metropolitan B (PS:MBT) shed 1.85% or 1.75 points to 93.00.
Declining stocks outnumbered rising ones by 111 to 81 and 23 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was down 0.55% or 6.70 to $1207.20 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.67% or 0.39 to hit $56.67 a barrel, while the June Brent oil contract fell 0.50% or 0.32 to trade at $64.32 a barrel.
CNY/PHP was up 0.17% to 7.1457, while USD/PHP rose 0.07% to 44.305.
The US Dollar Index was down 0.20% at 96.00.