Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Mining & Oil, Industrials and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.68% to hit a new 3-months low.
The best performers of the session on the PSEi Composite were Globe Telecom (PS:GLO), which rose 1.92% or 50.000 points to trade at 2650.000 at the close. Meanwhile, Robinsons Land (PS:RLC) added 1.40% or 0.400 points to end at 28.950 and Alliance Globa (PS:AGI) was up 0.22% or 0.050 points to 22.650 in late trade.
The worst performers of the session were Petron (PS:PCOR), which fell 6.88% or 0.680 points to trade at 9.200 at the close. First Gen (PS:FGEN) declined 4.31% or 1.15 points to end at 25.55 and Dmci Holdings (PS:DMC) was down 4.20% or 0.600 points to 13.680.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 137 to 55 and 17 ended unchanged.
Shares in Globe Telecom (PS:GLO) rose to all time highs; gaining 1.92% or 50.000 to 2650.000. Shares in Dmci Holdings (PS:DMC) fell to 52-week lows; losing 4.20% or 0.600 to 13.680.
Gold for August delivery was up 0.10% or 1.20 to $1189.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.28% or 0.74 to hit $58.77 a barrel, while the July Brent oil contract rose 1.08% or 0.69 to trade at $64.41 a barrel.
CNY/PHP was up 0.00% to 7.2067, while USD/PHP fell 0.03% to 44.695.
The US Dollar Index was down 0.28% at 97.11.