Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms, Mining & Oil and Banking & Financials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 0.88%.
The biggest gainers of the session on the PSEi Composite were Metropolitan Bank and Trust Co (PS:MBT), which rose 1.90% or 1.90 points to trade at 102.00 at the close. Robinsons Land Corp (PS:RLC) added 1.71% or 0.350 points to end at 20.800 and Ayala Land Inc (PS:ALI) was up 1.43% or 0.650 points to 46.250 in late trade.
Biggest losers included LT Group Inc (PS:LTG), which lost 4.26% or 1.000 points to trade at 22.500 in late trade. JG Summit Holdings Inc (PS:JGS) declined 3.11% or 2.500 points to end at 78.000 and Aboitiz Equity Ventures Inc (PS:AEV) shed 2.90% or 2.250 points to 75.250.
Declining stocks outnumbered rising ones by 115 to 103 and 40 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for February delivery was up 0.70% or 9.40 to $1346.10 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.05% or 0.03 to hit $64.44 a barrel, while the March Brent oil contract fell 0.37% or 0.26 to trade at $69.70 a barrel.
CNY/PHP was down 0.08% to 7.9727, while USD/PHP fell 0.23% to 50.931.
The US Dollar Index Futures was down 0.26% at 89.65.