Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Services, Holding Firms and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite fell 0.84% to hit a new 1-month low.
The best performers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 1.67% or 2.50 points to trade at 152.50 at the close. Meanwhile, Metro Pacific Investments Corp (PS:MPI) added 1.27% or 0.070 points to end at 5.600 and LT Group Inc (PS:LTG) was up 1.01% or 0.200 points to 20.000 in late trade.
The worst performers of the session were JG Summit Holdings Inc (PS:JGS), which fell 4.48% or 3.000 points to trade at 64.000 at the close. Bank of the Philippine Islands (PS:BPI) declined 2.95% or 3.50 points to end at 115.20 and Security Bank Corp (PS:SECB) was down 2.40% or 6.00 points to 244.00.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 121 to 99 and 40 ended unchanged.
Shares in JG Summit Holdings Inc (PS:JGS) fell to 52-week lows; down 4.48% or 3.000 to 64.000.
Gold Futures for April delivery was down 0.21% or 2.80 to $1324.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.12% or 0.07 to hit $60.78 a barrel, while the May Brent oil contract rose 0.05% or 0.03 to trade at $64.67 a barrel.
CNY/PHP was up 0.25% to 8.2464, while USD/PHP rose 0.17% to 52.084.
The US Dollar Index Futures was up 0.12% at 89.81.