Philippines shares lower at close of trade; PSEi Composite down 2.17%

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Philippines shares lower at close of trade; PSEi Composite down 2.17% – Philippines equities were lower at the close on Wednesday, as losses in the Holding Firms , Mining & Oil and Property sectors propelled shares lower.

At the close in Philippines, the PSEi Composite lost 2.17%.

The biggest gainers of the session on the PSEi Composite were First Gen Corp (PS: FGEN ), which rose 4.00% or 0.60 points to trade at 15.60 at the close. Emperador Inc (PS: EMP ) unchanged 0.00% or 0.000 points to end at 7.180 and San Miguel Corp (PS: SMC ) was unchanged 0.00% or 0.00 points to 140.00 in late trade.

Biggest losers included DMCI Holdings Inc (PS: DMC ), which lost 4.97% or 0.560 points to trade at 10.700 in late trade. Ayala Corp (PS: AC ) declined 4.19% or 41.00 points to end at 937.00 and LT Group Inc (PS: LTG ) shed 4.06% or 0.850 points to 20.100.

Declining stocks outnumbered rising ones by 126 to 64 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.19% or 2.50 to $1296.90 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.09% or 0.06 to hit $66.30 a barrel, while the August Brent oil contract fell 0.26% or 0.20 to trade at $75.68 a barrel.

CNY/PHP was up 0.23% to 8.3129, while USD/PHP rose 0.37% to 53.255.

The US Dollar Index Futures was up 0.12% at 93.94.

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