Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Property, Banking & Financials and Industrials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.24%.
The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 1.58% or 1.250 points to trade at 80.250 at the close. San Miguel Corp (PS:SMC) added 1.27% or 1.30 points to end at 104.00 and Metro Pacific Investments Corp (PS:MPI) was up 1.11% or 0.070 points to 6.380 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 2.41% or 0.110 points to trade at 4.450 in late trade. Emperador Inc (PS:EMP) declined 1.82% or 0.140 points to end at 7.560 and Alliance Global Group Inc (PS:AGI) shed 1.77% or 0.260 points to 14.400.
Declining stocks outnumbered rising ones by 103 to 89 and 50 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was up 0.55% or 6.86 to $1253.76 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.61% or 0.27 to hit $43.97 a barrel, while the September Brent oil contract fell 0.40% or 0.19 to trade at $46.73 a barrel.
CNY/PHP was up 0.49% to 7.4307, while USD/PHP rose 0.55% to 50.571.
The US Dollar Index Futures was down 0.27% at 95.92.