Philippines shares lower at close of trade; PSEi Composite down 0.92%

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Philippines shares lower at close of trade; PSEi Composite down 0.92% – Philippines equities were lower at the close on Wednesday, as losses in the Industrials , Banking & Financials and Holding Firms sectors propelled shares lower.

At the close in Philippines, the PSEi Composite declined 0.92% to hit a new 1-month low.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS: GLO ), which rose 2.83% or 60.00 points to trade at 2180.00 at the close. Ayala Corp (PS: AC ) added 2.74% or 24.50 points to end at 920.00 and PLDT Inc (PS: TEL ) was up 2.59% or 36.00 points to 1428.00 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 6.67% or 3.400 points to trade at 47.600 in late trade. Universal Robina Corp (PS: URC ) declined 6.04% or 9.00 points to end at 140.00 and JG Summit Holdings Inc (PS: JGS ) shed 5.49% or 3.000 points to 51.600.

Declining stocks outnumbered rising ones by 99 to 83 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.07% or 0.80 to $1201.40 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.77% or 0.53 to hit $69.78 a barrel, while the November Brent oil contract rose 0.23% or 0.18 to trade at $79.24 a barrel.

CNY/PHP was up 0.41% to 7.8852, while USD/PHP rose 0.57% to 54.133.

The US Dollar Index Futures was unchanged 0.00% at 95.05.

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