Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Property, Services and Holding Firms sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 0.50%.
The best performers of the session on the PSEi Composite were Petron (PS:PCOR), which rose 5.29% or 0.400 points to trade at 7.960 at the close. Meanwhile, Philex Mining (PS:PX) added 4.20% or 0.230 points to end at 5.700 and Manila Electri (PS:MER) was up 3.40% or 10.800 points to 328.800 in late trade.
The worst performers of the session were Bloomberry Res (PS:BLOOM), which fell 2.84% or 0.190 points to trade at 6.500 at the close. Robinsons Land (PS:RLC) declined 2.82% or 0.900 points to end at 31.000 and First Gen (PS:FGEN) was down 1.89% or 0.50 points to 26.00.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 94 to 90 and 12 ended unchanged.
Shares in Manila Electri (PS:MER) rose to 52-week highs; gaining 3.40% or 10.800 to 328.800.
Gold for December delivery was up 0.45% or 5.20 to $1171.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.31% or 0.14 to hit $43.34 a barrel, while the December Brent oil contract rose 0.21% or 0.10 to trade at $46.91 a barrel.
CNY/PHP was down 0.10% to 7.3556, while USD/PHP fell 0.02% to 46.770.
The US Dollar Index was down 0.03% at 97.00.