Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Industrials, Services and Holding Firms sectors propelled shares lower.
At the close in Philippines, the PSEi Composite declined 0.87% to hit a new 1-month low.
The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 1.61% or 0.500 points to trade at 31.500 at the close. SM Prime Holdings Inc (PS:SMPH) added 1.38% or 0.400 points to end at 29.400 and Metro Pacific Investments Corp (PS:MPI) was up 1.10% or 0.080 points to 7.330 in late trade.
Biggest losers included Bloomberry Resorts Corp (PS:BLOOM), which lost 13.53% or 0.840 points to trade at 5.370 in late trade. JG Summit Holdings Inc (PS:JGS) declined 3.80% or 3.150 points to end at 79.800 and Megaworld Corp (PS:MEG) shed 3.40% or 0.170 points to 4.830.
Declining stocks outnumbered rising ones by 132 to 53 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was down 0.26% or 3.45 to $1342.65 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.60% or 0.77 to hit $47.33 a barrel, while the October Brent oil contract fell 1.16% or 0.58 to trade at $49.38 a barrel.
CNY/PHP was down 0.20% to 6.9902, while USD/PHP fell 0.05% to 46.509.
The US Dollar Index was up 0.01% at 94.51.