Philippine shares closed 0.47 percent lower Wednesday, with the benchmark Philippine Stock Exchange index declining by 25.30 points to close at 5,369.60. The all-share index declined by 8.68 points to close at 3,558. 58. Trading volume reached 8.90 billion shares worth 7.07 billion pesos (170.77 million U.S. dollars). There were 66 gainers, 84 losers, while 56 stocks closed flat.