Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Property, Mining & Oil and Industrials sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 1.16%.
The biggest gainers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 2.72% or 0.140 points to trade at 5.280 at the close. Metropolitan Bank and Trust Co (PS:MBT) added 1.02% or 0.85 points to end at 84.35 and Bank of the Philippine Islands (PS:BPI) was up 0.93% or 0.80 points to 86.80 in late trade.
Biggest losers included Megaworld Corp (PS:MEG), which lost 4.36% or 0.180 points to trade at 3.950 in late trade. Robinsons Land Corp (PS:RLC) declined 4.03% or 1.150 points to end at 27.400 and Ayala Land Inc (PS:ALI) shed 3.55% or 1.250 points to 34.000.
Declining stocks outnumbered rising ones by 109 to 69 and 26 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for April delivery was up 0.06% or 0.80 to $1231.80 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.10% or 0.40 to hit $36.74 a barrel, while the May Brent oil contract rose 0.46% or 0.18 to trade at $38.92 a barrel.
CNY/PHP was down 0.01% to 7.1744, while USD/PHP rose 0.12% to 46.800.
The US Dollar Index was up 0.26% at 96.91.