Philippines stocks lower at close of trade; PSEi Composite down 0.83% By Investing.com

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Philippines stocks lower at close of trade; PSEi Composite down 0.83%

Investing.com – Philippines stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower.

At the close in Philippines, the declined 0.83% to hit a new 3-months low.

The best performers of the session on the were Manila Electric Co (PS:), which rose 4.14% or 14.20 points to trade at 357.20 at the close. Meanwhile, Robinsons Land Corp (PS:) added 2.48% or 0.500 points to end at 20.700 and Puregold Price Club Inc (PS:) was up 1.33% or 0.550 points to 42.000 in late trade.

The worst performers of the session were Aboitiz Power Corp (PS:), which fell 4.12% or 1.40 points to trade at 32.60 at the close. LT Group Inc (PS:) declined 3.69% or 0.500 points to end at 13.060 and JG Summit Holdings Inc (PS:) was down 3.09% or 1.500 points to 47.000.

Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 136 to 56 and 49 ended unchanged.

Shares in Aboitiz Power Corp (PS:) fell to 3-years lows; falling 4.12% or 1.40 to 32.60. Shares in LT Group Inc (PS:) fell to 52-week lows; down 3.69% or 0.500 to 13.060.

Gold Futures for December delivery was down 0.07% or 0.80 to $1190.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.36% or 0.27 to hit $74.69 a barrel, while the December Brent oil contract fell 0.31% or 0.26 to trade at $84.74 a barrel.

CNY/PHP was down 0.08% to 7.8300, while USD/PHP rose 0.08% to 54.195.

The US Dollar Index Futures was up 0.03% at 95.39.

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