Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Banking & Financials, Property and Holding Firms sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 1.74% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 0.66% or 0.060 points to trade at 9.190 at the close. Meanwhile, Energy Development Corp (PS:EDC) added 0.57% or 0.030 points to end at 5.270 and Robinsons Land Corp (PS:RLC) was up 0.25% or 0.050 points to 20.050 in late trade.
The worst performers of the session were Megaworld Corp (PS:MEG), which fell 5.21% or 0.250 points to trade at 4.550 at the close. Metropolitan Bank and Trust Co (PS:MBT) declined 4.01% or 3.30 points to end at 79.00 and Bank of the Philippine Islands (PS:BPI) was down 4.00% or 4.00 points to 96.00.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 132 to 56 and 48 ended unchanged.
Shares in Metropolitan Bank and Trust Co (PS:MBT) fell to 52-week lows; losing 4.01% or 3.30 to 79.00.
Gold Futures for June delivery was down 0.05% or 0.70 to $1298.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.07% or 0.05 to hit $66.78 a barrel, while the August Brent oil contract fell 0.04% or 0.03 to trade at $75.46 a barrel.
CNY/PHP was down 0.53% to 8.1906, while USD/PHP fell 0.05% to 52.660.
The US Dollar Index Futures was down 0.35% at 94.48.