Philippines shares lower at close of trade; PSEi Composite down 0.56%

  • Investing.com
  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 0.56%

Investing.com – Philippines equities were lower at the close on Wednesday, as losses in the Services , Industrials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 0.56% to hit a new 52-week low.

The biggest gainers of the session on the PSEi Composite were SM Prime Holdings Inc (PS: SMPH ), which rose 1.23% or 0.400 points to trade at 32.900 at the close. Aboitiz Power Corp (PS: AP ) added 1.18% or 0.45 points to end at 38.45 and Ayala Corp (PS: AC ) was up 0.94% or 8.50 points to 908.50 in late trade.

Biggest losers included Manila Electric Co (PS: MER ), which lost 3.88% or 12.40 points to trade at 307.00 in late trade. International Container Terminal Services Inc (PS: ICT ) declined 3.77% or 3.350 points to end at 85.400 and Robinsons Land Corp (PS: RLC ) shed 3.21% or 0.580 points to 17.500.

Declining stocks outnumbered rising ones by 125 to 61 and 48 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.55% or 7.30 to $1325.70 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.24% or 0.16 to hit $67.86 a barrel, while the June Brent oil contract rose 0.20% or 0.15 to trade at $74.01 a barrel.

CNY/PHP was down 0.00% to 8.2817, while USD/PHP rose 0.28% to 52.354.

The US Dollar Index Futures was up 0.31% at 90.84.

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