Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the Property, Holding Firms and Banking & Financials sectors led shares lower.
At the close in Philippines, the PSEi Composite declined 1.87% to hit a new 6-months low.
The best performers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 0.93% or 0.180 points to trade at 19.500 at the close. Meanwhile, PLDT Inc (PS:TEL) added 0.62% or 9.00 points to end at 1470.00 and Emperador Inc (PS:EMP) was up 0.14% or 0.010 points to 7.310 in late trade.
The worst performers of the session were Metro Pacific Investments Corp (PS:MPI), which fell 4.01% or 0.220 points to trade at 5.270 at the close. Bank of the Philippine Islands (PS:BPI) declined 3.53% or 4.00 points to end at 109.20 and GT Capital Holdings Inc (PS:GTCAP) was down 3.27% or 41.00 points to 1211.00.
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 139 to 84 and 40 ended unchanged.
Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; losing 4.01% or 0.220 to 5.270.
Gold Futures for April delivery was up 0.38% or 5.00 to $1316.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.24% or 0.15 to hit $63.69 a barrel, while the May Brent oil contract rose 0.24% or 0.16 to trade at $67.58 a barrel.
CNY/PHP was up 0.14% to 8.2307, while USD/PHP rose 0.24% to 52.116.
The US Dollar Index Futures was down 0.31% at 89.73.