Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Mining & Oil and Holding Firms sectors propelled shares lower.
At the close in Philippines, the PSEi Composite fell 1.03%.
The biggest gainers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 1.37% or 0.140 points to trade at 10.340 at the close. Metro Pacific Investments Corp (PS:MPI) added 0.84% or 0.060 points to end at 7.200 and First Gen Corp (PS:FGEN) was up 0.81% or 0.20 points to 24.85 in late trade.
Biggest losers included PLDT Inc (PS:TEL), which lost 4.59% or 78.00 points to trade at 1622.00 in late trade. Globe Telecom Inc (PS:GLO) declined 3.68% or 75.000 points to end at 1965.000 and Megaworld Corp (PS:MEG) shed 3.33% or 0.160 points to 4.650.
Declining stocks outnumbered rising ones by 126 to 58 and 43 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.35% or 4.45 to $1274.15 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.48% or 0.72 to hit $49.41 a barrel, while the December Brent oil contract rose 1.42% or 0.72 to trade at $51.59 a barrel.
CNY/PHP was down 0.06% to 7.2414, while USD/PHP fell 0.11% to 48.300.
The US Dollar Index was down 0.11% at 95.99.