Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Services, Mining & Oil and Property sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 0.44% to hit a new 1-month low.
The best performers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS:AEV), which rose 1.37% or 0.900 points to trade at 66.800 at the close. Meanwhile, Bank of the Philippine Islands (PS:BPI) added 1.06% or 0.95 points to end at 90.80 and Globe Telecom Inc (PS:GLO) was up 0.46% or 10.000 points to 2202.000 in late trade.
The worst performers of the session were Megaworld Corp (PS:MEG), which fell 3.80% or 0.150 points to trade at 3.800 at the close. Alliance Global Group Inc (PS:AGI) declined 3.79% or 0.600 points to end at 15.240 and International Container Terminal Services Inc (PS:ICT) was down 3.31% or 2.200 points to 64.250.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 139 to 58 and 35 ended unchanged.
Shares in Aboitiz Equity Ventures Inc (PS:AEV) rose to all time highs; up 1.37% or 0.900 to 66.800.
Gold for June delivery was up 0.41% or 5.05 to $1248.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.93% or 0.85 to hit $44.89 a barrel, while the July Brent oil contract rose 2.24% or 1.02 to trade at $46.60 a barrel.
CNY/PHP was down 0.13% to 7.2014, while USD/PHP fell 0.07% to 46.791.
The US Dollar Index was down 0.18% at 94.28.