Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Banking & Financials, Property and Services sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 2.06% to hit a new 3-months low.
The best performers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 0.55% or 0.080 points to trade at 14.520 at the close. Meanwhile, GT Capital Holdings Inc (PS:GTCAP) added 0.15% or 2.000 points to end at 1313.000 and San Miguel Corp (PS:SMC) was unchanged 0.00% or 0.000 points to 80.500 in late trade.
The worst performers of the session were Security Bank Corp (PS:SECB), which fell 6.90% or 15.20 points to trade at 205.20 at the close. Metropolitan Bank and Trust Co (PS:MBT) declined 5.04% or 4.10 points to end at 77.20 and International Container Terminal Services Inc (PS:ICT) was down 4.18% or 3.250 points to 74.550.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 136 to 45 and 48 ended unchanged.
Gold for December delivery was up 0.79% or 10.15 to $1298.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.14% or 0.53 to hit $46.14 a barrel, while the January Brent oil contract fell 1.06% or 0.51 to trade at $47.63 a barrel.
CNY/PHP was up 0.06% to 7.1519, while USD/PHP rose 0.00% to 48.355.
The US Dollar Index was down 0.34% at 97.43.