Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Property, Holding Firms and Industrials sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.53% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were Phi Long Dis T (PS:TEL), which rose 1.95% or 37.00 points to trade at 1937.00 at the close. Meanwhile, Aboitiz Power (PS:AP) added 1.25% or 0.50 points to end at 40.50 and Intl Container (PS:ICT) was up 0.61% or 0.350 points to 57.850 in late trade.
The worst performers of the session were Megaworld Corp (PS:MEG), which fell 10.20% or 0.360 points to trade at 3.170 at the close. Energy Develop (PS:EDC) declined 5.17% or 0.300 points to end at 5.500 and Ayala Corp (PS:AC) was down 5.08% or 33.000 points to 616.000.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 120 to 56 and 19 ended unchanged.
Shares in Megaworld Corp (PS:MEG) fell to 52-week lows; losing 10.20% or 0.360 to 3.170. Shares in Ayala Corp (PS:AC) fell to 52-week lows; falling 5.08% or 33.000 to 616.000.
Gold for February delivery was up 0.64% or 7.00 to $1096.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.36% or 0.99 to hit $28.57 a barrel, while the March Brent oil contract fell 3.24% or 0.94 to trade at $27.89 a barrel.
CNY/PHP was up 0.63% to 7.2900, while USD/PHP rose 0.63% to 47.960.
The US Dollar Index was down 0.39% at 98.78.