Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Holding Firms and Mining & Oil sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 1.86%.
The biggest gainers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 1.05% or 0.060 points to trade at 5.780 at the close. San Miguel Corp (PS:SMC) added 0.67% or 0.550 points to end at 82.500 and Manila Electric Co (PS:MER) was up 0.06% or 0.200 points to 324.000 in late trade.
Biggest losers included Aboitiz Equity Ventures Inc (PS:AEV), which lost 6.08% or 4.850 points to trade at 74.950 in late trade. Philippine Long Distance Telephone Company (PS:TEL) declined 4.94% or 97.00 points to end at 1865.00 and First Gen Corp (PS:FGEN) shed 4.33% or 1.10 points to 24.30.
Declining stocks outnumbered rising ones by 161 to 33 and 41 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was down 0.60% or 8.25 to $1364.35 a troy ounce. Meanwhile, Crude oil for delivery in September rose 3.97% or 1.57 to hit $41.08 a barrel, while the October Brent oil contract rose 3.76% or 1.57 to trade at $43.37 a barrel.
CNY/PHP was up 0.03% to 7.0912, while USD/PHP rose 0.12% to 47.044.
The US Dollar Index was up 0.52% at 95.51.