Philippines shares lower at close of trade; PSEi Composite down 0.17%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 0.17% – Philippines equities were lower at the close on Wednesday, as losses in the Mining & Oil , Banking & Financials and Industrials sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.17%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 6.10% or 0.98 points to trade at 17.04 at the close. Metro Pacific Investments Corp (PS: MPI ) added 3.16% or 0.160 points to end at 5.220 and San Miguel Corp (PS: SMC ) was up 2.95% or 4.90 points to 171.00 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 2.78% or 1.500 points to trade at 52.500 in late trade. Manila Electric Co (PS: MER ) declined 2.32% or 8.80 points to end at 371.20 and Security Bank Corp (PS: SECB ) shed 1.72% or 3.50 points to 199.90.

Declining stocks outnumbered rising ones by 112 to 79 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.41% or 5.00 to $1209.40 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.04% or 0.03 to hit $68.50 a barrel, while the November Brent oil contract fell 0.08% or 0.06 to trade at $76.23 a barrel.

CNY/PHP was down 0.07% to 7.8320, while USD/PHP rose 0.22% to 53.465.

The US Dollar Index Futures was up 0.13% at 94.75.

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