Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Property, Industrials and Holding Firms sectors propelled shares lower.
At the close in Philippines, the PSEi Composite lost 2.58% to hit a new 6-month low.
The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 0.95% or 0.120 points to trade at 12.720 at the close. Security Bank Corp (PS:SECB) added 0.86% or 1.80 points to end at 211.80 and Aboitiz Power Corp (PS:AP) was up 0.67% or 0.30 points to 45.30 in late trade.
Biggest losers included Universal Robina Corp (PS:URC), which lost 6.76% or 12.500 points to trade at 172.500 in late trade. International Container Terminal Services Inc (PS:ICT) declined 5.26% or 4.000 points to end at 72.000 and Ayala Corp (PS:AC) shed 4.93% or 41.000 points to 790.000.
Declining stocks outnumbered rising ones by 153 to 43 and 36 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 2.25% or 28.65 to $1303.15 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.18% or 0.53 to hit $44.45 a barrel, while the January Brent oil contract fell 0.98% or 0.45 to trade at $45.59 a barrel.
CNY/PHP was up 0.48% to 7.1907, while USD/PHP rose 0.18% to 48.689.
The US Dollar Index was down 0.70% at 97.19.