Philippines shares lower at close of trade; PSEi Composite down 0.70%

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Philippines shares lower at close of trade; PSEi Composite down 0.70%

Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms , Services and Banking & Financials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.70% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS: MPI ), which rose 1.94% or 0.090 points to trade at 4.740 at the close. PLDT Inc (PS: TEL ) added 1.65% or 20.00 points to end at 1230.00 and First Gen Corp (PS: FGEN ) was up 1.10% or 0.16 points to 14.76 in late trade.

Biggest losers included JG Summit Holdings Inc (PS: JGS ), which lost 4.42% or 2.300 points to trade at 49.700 in late trade. Aboitiz Equity Ventures Inc (PS: AEV ) declined 3.94% or 2.450 points to end at 59.750 and International Container Terminal Services Inc (PS: ICT ) shed 2.92% or 2.450 points to 81.550.

Declining stocks outnumbered rising ones by 100 to 93 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.37% or 4.70 to $1273.90 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.71% or 0.46 to hit $65.36 a barrel, while the August Brent oil contract rose 0.59% or 0.44 to trade at $75.52 a barrel.

CNY/PHP was up 0.38% to 8.2640, while USD/PHP rose 0.41% to 53.493.

The US Dollar Index Futures was up 0.22% at 94.86.

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