Philippines shares lower at close of trade; PSEi Composite down 1.64%

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Philippines shares lower at close of trade; PSEi Composite down 1.64%

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

At the close in Philippines, the PSEi Composite fell 1.64%.

The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS: RLC ), which rose 1.16% or 0.250 points to trade at 21.800 at the close. PLDT Inc (PS: TEL ) added 0.56% or 8.00 points to end at 1438.00 and Energy Development Corp (PS: EDC ) was up 0.14% or 0.010 points to 7.040 in late trade.

Biggest losers included BDO Unibank Inc (PS: BDO ), which lost 5.08% or 6.60 points to trade at 123.30 in late trade. JG Summit Holdings Inc (PS: JGS ) declined 3.81% or 2.300 points to end at 58.000 and Metro Pacific Investments Corp (PS: MPI ) shed 3.79% or 0.210 points to 5.330.

Declining stocks outnumbered rising ones by 145 to 51 and 38 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.06% or 0.70 to $1199.80 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.00% or 0.70 to hit $69.17 a barrel, while the November Brent oil contract fell 0.58% or 0.45 to trade at $77.72 a barrel.

CNY/PHP was up 0.13% to 7.8521, while USD/PHP fell 0.11% to 53.543.

The US Dollar Index Futures was up 0.13% at 95.49.

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