Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Mining & Oil, Banking & Financials and Property sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.21% to hit a new 3-months low.
The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 0.28% or 0.500 points to trade at 180.500 at the close. Meanwhile, Metropolitan Bank and Trust Co (PS:MBT) added 0.18% or 0.15 points to end at 84.70 and Emperador Inc (PS:EMP) was unchanged 0.00% or 0.000 points to 7.300 in late trade.
The worst performers of the session were Security Bank Corp (PS:SECB), which fell 7.31% or 16.00 points to trade at 202.80 at the close. Megaworld Corp (PS:MEG) declined 4.81% or 0.220 points to end at 4.350 and First Gen Corp (PS:FGEN) was down 4.38% or 1.05 points to 22.95.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 157 to 32 and 44 ended unchanged.
Gold for December delivery was up 0.17% or 2.15 to $1258.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.43% or 0.22 to hit $51.01 a barrel, while the December Brent oil contract rose 0.63% or 0.33 to trade at $52.74 a barrel.
CNY/PHP was up 0.28% to 7.2371, while USD/PHP rose 0.16% to 48.599.
The US Dollar Index was down 0.04% at 97.68.