Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Holding Firms and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.84% to hit a new 1-month low.
The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 1.67% or 2.50 points to trade at 152.50 at the close. Metro Pacific Investments Corp (PS:MPI) added 1.27% or 0.070 points to end at 5.600 and LT Group Inc (PS:LTG) was up 1.01% or 0.200 points to 20.000 in late trade.
Biggest losers included JG Summit Holdings Inc (PS:JGS), which lost 4.48% or 3.000 points to trade at 64.000 in late trade. Bank of the Philippine Islands (PS:BPI) declined 2.95% or 3.50 points to end at 115.20 and Security Bank Corp (PS:SECB) shed 2.40% or 6.00 points to 244.00.
Declining stocks outnumbered rising ones by 121 to 99 and 40 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for April delivery was down 0.21% or 2.80 to $1324.30 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.12% or 0.07 to hit $60.78 a barrel, while the May Brent oil contract rose 0.03% or 0.02 to trade at $64.66 a barrel.
CNY/PHP was up 0.25% to 8.2464, while USD/PHP rose 0.17% to 52.084.
The US Dollar Index Futures was up 0.12% at 89.81.