Philippines shares lower at close of trade; PSEi Composite down 1.12%

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Philippines shares lower at close of trade; PSEi Composite down 1.12% – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms , Banking & Financials and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 1.12%.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 1.28% or 0.060 points to trade at 4.740 at the close. DMCI Holdings Inc (PS: DMC ) added 1.18% or 0.120 points to end at 10.280 and Jollibee Foods Corp (PS: JFC ) was up 1.06% or 3.00 points to 287.00 in late trade.

Biggest losers included Globe Telecom Inc (PS: GLO ), which lost 5.46% or 89.00 points to trade at 1542.00 in late trade. SM Investments Corp (PS: SM ) declined 3.52% or 31.00 points to end at 850.00 and Bank of the Philippine Islands (PS: BPI ) shed 3.39% or 3.30 points to 94.00.

Declining stocks outnumbered rising ones by 116 to 65 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.02% or 0.30 to $1291.70 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.43% or 0.31 to hit $71.89 a barrel, while the July Brent oil contract fell 0.59% or 0.47 to trade at $79.10 a barrel.

CNY/PHP was up 0.18% to 8.2138, while USD/PHP rose 0.33% to 52.450.

The US Dollar Index Futures was up 0.32% at 93.81.

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