Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Banking & Financials, Property and Services sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 2.06% to hit a new 3-month low.
The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 0.55% or 0.080 points to trade at 14.520 at the close. GT Capital Holdings Inc (PS:GTCAP) added 0.15% or 2.000 points to end at 1313.000 and San Miguel Corp (PS:SMC) was unchanged 0.00% or 0.000 points to 80.500 in late trade.
Biggest losers included Security Bank Corp (PS:SECB), which lost 6.90% or 15.20 points to trade at 205.20 in late trade. Metropolitan Bank and Trust Co (PS:MBT) declined 5.04% or 4.10 points to end at 77.20 and International Container Terminal Services Inc (PS:ICT) shed 4.18% or 3.250 points to 74.550.
Declining stocks outnumbered rising ones by 136 to 45 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.79% or 10.20 to $1298.20 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.14% or 0.53 to hit $46.14 a barrel, while the January Brent oil contract fell 1.04% or 0.50 to trade at $47.64 a barrel.
CNY/PHP was up 0.06% to 7.1519, while USD/PHP rose 0.00% to 48.355.
The US Dollar Index was down 0.34% at 97.43.