Philippines shares lower at close of trade; PSEi Composite down 0.63%

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Philippines shares lower at close of trade; PSEi Composite down 0.63% – Philippines equities were lower at the close on Wednesday, as losses in the Services , Holding Firms and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.63%.

The biggest gainers of the session on the PSEi Composite were Semirara Mining Corp (PS: SCC ), which rose 3.96% or 1.25 points to trade at 32.85 at the close. First Gen Corp (PS: FGEN ) added 1.42% or 0.24 points to end at 17.20 and Aboitiz Equity Ventures Inc (PS: AEV ) was up 1.17% or 0.800 points to 69.350 in late trade.

Biggest losers included Jollibee Foods Corp (PS: JFC ), which lost 3.85% or 11.40 points to trade at 285.00 in late trade. Globe Telecom Inc (PS: GLO ) declined 2.82% or 47.00 points to end at 1621.00 and JG Summit Holdings Inc (PS: JGS ) shed 2.55% or 1.650 points to 63.000.

Declining stocks outnumbered rising ones by 104 to 104 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.74% or 9.90 to $1347.20 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.18% or 0.75 to hit $62.76 a barrel, while the June Brent oil contract fell 1.16% or 0.79 to trade at $67.33 a barrel.

CNY/PHP was up 0.32% to 8.2794, while USD/PHP rose 0.37% to 52.092.

The US Dollar Index Futures was down 0.23% at 89.64.

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