Philippines shares lower at close of trade; PSEi Composite down 0.78%

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Philippines shares lower at close of trade; PSEi Composite down 0.78%

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

At the close in Philippines, the PSEi Composite declined 0.78%.

The biggest gainers of the session on the PSEi Composite were San Miguel Corp (PS: SMC ), which rose 2.49% or 2.50 points to trade at 103.00 at the close. PLDT Inc (PS: TEL ) added 2.04% or 34.00 points to end at 1700.00 and Aboitiz Power Corp (PS: AP ) was up 1.32% or 0.55 points to 42.15 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 4.02% or 1.75 points to trade at 41.75 in late trade. Alliance Global Group Inc (PS: AGI ) declined 3.06% or 0.500 points to end at 15.860 and Metropolitan Bank and Trust Co (PS: MBT ) shed 2.50% or 2.30 points to 89.70.

Declining stocks outnumbered rising ones by 137 to 72 and 36 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.07% or 0.93 to $1285.27 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.27% or 0.14 to hit $52.02 a barrel, while the December Brent oil contract rose 0.60% or 0.35 to trade at $58.23 a barrel.

CNY/PHP was down 0.07% to 7.7646, while USD/PHP rose 0.13% to 51.400.

The US Dollar Index Futures was up 0.10% at 93.45.

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