Philippines shares lower at close of trade; PSEi Composite down 1.06%

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Philippines shares lower at close of trade; PSEi Composite down 1.06% – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms , Services and Mining & Oil sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 1.06%.

The biggest gainers of the session on the PSEi Composite were International Container Terminal Services Inc (PS: ICT ), which rose 2.78% or 2.350 points to trade at 86.950 at the close. Manila Electric Co (PS: MER ) added 2.42% or 7.80 points to end at 329.80 and Robinsons Land Corp (PS: RLC ) was up 2.23% or 0.400 points to 18.300 in late trade.

Biggest losers included JG Summit Holdings Inc (PS: JGS ), which lost 5.24% or 3.350 points to trade at 60.600 in late trade. PLDT Inc (PS: TEL ) declined 5.19% or 76.00 points to end at 1387.00 and GT Capital Holdings Inc (PS: GTCAP ) shed 4.76% or 50.00 points to 1000.00.

Advancing stocks outnumbered falling ones by 117 to 85 and 43 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.27% or 3.50 to $1310.30 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.70% or 0.47 to hit $67.72 a barrel, while the July Brent oil contract rose 0.38% or 0.28 to trade at $73.41 a barrel.

CNY/PHP was down 0.20% to 8.1570, while USD/PHP rose 0.23% to 51.882.

The US Dollar Index Futures was down 0.12% at 92.17.

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