Philippines shares higher at close of trade; PSEi Composite up 0.01%

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Philippines shares higher at close of trade; PSEi Composite up 0.01% – Philippines equities were higher at the close on Monday, as gains in the Industrials , Property and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.01%.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 2.83% or 4.00 points to trade at 145.30 at the close. Jollibee Foods Corp (PS: JFC ) added 2.23% or 6.00 points to end at 275.00 and SM Prime Holdings Inc (PS: SMPH ) was up 1.65% or 0.600 points to 37.000 in late trade.

Biggest losers included Security Bank Corp (PS: SECB ), which lost 3.30% or 6.00 points to trade at 176.00 in late trade. Megaworld Corp (PS: MEG ) declined 2.74% or 0.120 points to end at 4.260 and Aboitiz Equity Ventures Inc (PS: AEV ) shed 2.69% or 1.300 points to 47.000.

Declining stocks outnumbered rising ones by 97 to 94 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.04% or 0.50 to $1201.60 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.65% or 0.45 to hit $69.22 a barrel, while the November Brent oil contract rose 0.56% or 0.44 to trade at $78.53 a barrel.

CNY/PHP was up 0.07% to 7.8858, while USD/PHP rose 0.05% to 54.165.

The US Dollar Index Futures was down 0.20% at 94.32.

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