Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Mining & Oil, Industrials and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 1.68% to hit a new 3-month low.
The biggest gainers of the session on the PSEi Composite were Globe Telecom (PS:GLO), which rose 1.92% or 50.000 points to trade at 2650.000 at the close. Robinsons Land (PS:RLC) added 1.40% or 0.400 points to end at 28.950 and Alliance Globa (PS:AGI) was up 0.22% or 0.050 points to 22.650 in late trade.
Biggest losers included Petron (PS:PCOR), which lost 6.88% or 0.680 points to trade at 9.200 in late trade. First Gen (PS:FGEN) declined 4.31% or 1.15 points to end at 25.55 and Dmci Holdings (PS:DMC) shed 4.20% or 0.600 points to 13.680.
Declining stocks outnumbered rising ones by 137 to 55 and 17 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.10% or 1.20 to $1189.00 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.28% or 0.74 to hit $58.77 a barrel, while the July Brent oil contract rose 1.11% or 0.71 to trade at $64.43 a barrel.
CNY/PHP was up 0.00% to 7.2067, while USD/PHP fell 0.03% to 44.695.
The US Dollar Index was down 0.28% at 97.11.