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

  • Stock Market News
Philippines shares lower at close of trade; PSEi Composite down 1.64% – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms , Property and Banking & Financials sectors propelled shares lower.

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

The biggest gainers of the session on the PSEi Composite were International Container Terminal Services Inc (PS: ICT ), which rose 3.18% or 3.500 points to trade at 113.500 at the close. Globe Telecom Inc (PS: GLO ) added 2.15% or 40.00 points to end at 1900.00 and Energy Development Corp (PS: EDC ) was up 0.71% or 0.040 points to 5.680 in late trade.

Biggest losers included SM Investments Corp (PS: SM ), which lost 5.96% or 65.00 points to trade at 1025.00 in late trade. Ayala Land Inc (PS: ALI ) declined 2.96% or 1.350 points to end at 44.250 and SM Prime Holdings Inc (PS: SMPH ) shed 2.51% or 0.950 points to 36.900.

Declining stocks outnumbered rising ones by 141 to 62 and 52 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was up 0.53% or 7.10 to $1342.50 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.68% or 0.44 to hit $64.06 a barrel, while the April Brent oil contract fell 0.58% or 0.40 to trade at $68.12 a barrel.

CNY/PHP was up 0.37% to 8.1567, while USD/PHP fell 0.31% to 51.301.

The US Dollar Index Futures was down 0.27% at 88.78.

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