Philippines shares lower at close of trade; PSEi Composite down 0.87%

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 0.87% – Philippines equities were lower at the close on Wednesday, as losses in the Banking & Financials , Industrials and Services sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.87%.

The biggest gainers of the session on the PSEi Composite were Puregold Price Club Inc (PS: PGOLD ), which rose 3.86% or 1.700 points to trade at 45.700 at the close. SM Prime Holdings Inc (PS: SMPH ) added 3.22% or 1.150 points to end at 36.850 and Ayala Corp (PS: AC ) was up 2.23% or 20.50 points to 940.00 in late trade.

Biggest losers included Security Bank Corp (PS: SECB ), which lost 7.58% or 12.80 points to trade at 156.00 in late trade. Metro Pacific Investments Corp (PS: MPI ) declined 5.49% or 0.270 points to end at 4.650 and GT Capital Holdings Inc (PS: GTCAP ) shed 5.29% or 45.00 points to 805.00.

Declining stocks outnumbered rising ones by 120 to 66 and 53 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.05% or 0.60 to $1204.50 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.03% or 0.02 to hit $72.30 a barrel, while the December Brent oil contract rose 0.12% or 0.10 to trade at $81.36 a barrel.

CNY/PHP was up 0.08% to 7.9050, while USD/PHP rose 0.07% to 54.336.

The US Dollar Index Futures was down 0.01% at 93.72.

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