Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Mining & Oil, Banking & Financials and Services sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 0.89% to hit a new 1-month low.
The best performers of the session on the PSEi Composite were Puregold Price Club Inc (PS:PGOLD), which rose 1.69% or 0.750 points to trade at 45.000 at the close. Meanwhile, Petron Corp (PS:PCOR) added 1.58% or 0.140 points to end at 9.010 and SM Prime Holdings Inc (PS:SMPH) was up 1.23% or 0.450 points to 36.950 in late trade.
The worst performers of the session were DMCI Holdings Inc (PS:DMC), which fell 3.79% or 0.480 points to trade at 12.180 at the close. Megaworld Corp (PS:MEG) declined 3.63% or 0.150 points to end at 3.980 and Metro Pacific Investments Corp (PS:MPI) was down 3.47% or 0.180 points to 5.000.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 150 to 37 and 41 ended unchanged.
Shares in Megaworld Corp (PS:MEG) fell to 52-week lows; down 3.63% or 0.150 to 3.980.
Gold Futures for December delivery was up 0.45% or 5.40 to $1208.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.27% or 0.19 to hit $69.78 a barrel, while the November Brent oil contract rose 0.19% or 0.15 to trade at $79.18 a barrel.
CNY/PHP was up 0.09% to 7.8796, while USD/PHP fell 0.04% to 53.989.
The US Dollar Index Futures was down 0.32% at 93.92.