Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Industrials and Holding Firms sectors propelled shares lower.
At the close in Philippines, the PSEi Composite fell 0.87%.
The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 2.47% or 0.380 points to trade at 15.780 at the close. First Gen Corp (PS:FGEN) added 0.93% or 0.20 points to end at 21.80 and Metro Pacific Investments Corp (PS:MPI) was up 0.77% or 0.050 points to 6.540 in late trade.
Biggest losers included PLDT Inc (PS:TEL), which lost 3.41% or 60.00 points to trade at 1700.00 in late trade. JG Summit Holdings Inc (PS:JGS) declined 3.05% or 2.500 points to end at 79.400 and Globe Telecom Inc (PS:GLO) shed 2.45% or 50.00 points to 1990.00.
Declining stocks outnumbered rising ones by 123 to 67 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for June delivery was down 0.78% or 10.10 to $1284.00 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.11% or 0.06 to hit $52.47 a barrel, while the June Brent oil contract rose 0.16% or 0.09 to trade at $54.98 a barrel.
CNY/PHP was up 0.14% to 7.2215, while USD/PHP rose 0.27% to 49.761.
The US Dollar Index Futures was up 0.18% at 99.59.