Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Services, Holding Firms and Mining & Oil sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 1.86%.
The best performers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 1.05% or 0.060 points to trade at 5.780 at the close. Meanwhile, San Miguel Corp (PS:SMC) added 0.67% or 0.550 points to end at 82.500 and Manila Electric Co (PS:MER) was up 0.06% or 0.200 points to 324.000 in late trade.
The worst performers of the session were Aboitiz Equity Ventures Inc (PS:AEV), which fell 6.08% or 4.850 points to trade at 74.950 at the close. Philippine Long Distance Telephone Company (PS:TEL) declined 4.94% or 97.00 points to end at 1865.00 and First Gen Corp (PS:FGEN) was down 4.33% or 1.10 points to 24.30.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 161 to 33 and 41 ended unchanged.
Gold for December delivery was down 0.61% or 8.35 to $1364.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 4.00% or 1.58 to hit $41.09 a barrel, while the October Brent oil contract rose 3.76% or 1.57 to trade at $43.37 a barrel.
CNY/PHP was up 0.03% to 7.0912, while USD/PHP rose 0.12% to 47.044.
The US Dollar Index was up 0.53% at 95.52.