Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Holding Firms, Services and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite lost 0.70% to hit a new 52-week low.
The best performers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 1.94% or 0.090 points to trade at 4.740 at the close. Meanwhile, PLDT Inc (PS:TEL) added 1.65% or 20.00 points to end at 1230.00 and First Gen Corp (PS:FGEN) was up 1.10% or 0.16 points to 14.76 in late trade.
The worst performers of the session were JG Summit Holdings Inc (PS:JGS), which fell 4.42% or 2.300 points to trade at 49.700 at the close. Aboitiz Equity Ventures Inc (PS:AEV) declined 3.94% or 2.450 points to end at 59.750 and International Container Terminal Services Inc (PS:ICT) was down 2.92% or 2.450 points to 81.550.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 100 to 93 and 44 ended unchanged.
Shares in JG Summit Holdings Inc (PS:JGS) fell to 3-years lows; falling 4.42% or 2.300 to 49.700.
Gold Futures for August delivery was down 0.36% or 4.60 to $1274.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.71% or 0.46 to hit $65.36 a barrel, while the August Brent oil contract rose 0.59% or 0.44 to trade at $75.52 a barrel.
CNY/PHP was up 0.38% to 8.2640, while USD/PHP rose 0.41% to 53.493.
The US Dollar Index Futures was up 0.22% at 94.86.