Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services, Mining & Oil and Property sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.44% to hit a new 1-month low.
The biggest gainers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS:AEV), which rose 1.37% or 0.900 points to trade at 66.800 at the close. Bank of the Philippine Islands (PS:BPI) added 1.06% or 0.95 points to end at 90.80 and Globe Telecom Inc (PS:GLO) was up 0.46% or 10.000 points to 2202.000 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 3.80% or 0.150 points to trade at 3.800 in late trade. Alliance Global Group Inc (PS:AGI) declined 3.79% or 0.600 points to end at 15.240 and International Container Terminal Services Inc (PS:ICT) shed 3.31% or 2.200 points to 64.250.
Declining stocks outnumbered rising ones by 139 to 58 and 35 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was up 0.41% or 5.05 to $1248.45 a troy ounce. Meanwhile, Crude oil for delivery in June rose 1.93% or 0.85 to hit $44.89 a barrel, while the July Brent oil contract rose 2.24% or 1.02 to trade at $46.60 a barrel.
CNY/PHP was down 0.13% to 7.2014, while USD/PHP fell 0.07% to 46.791.
The US Dollar Index was down 0.18% at 94.28.