Philippines shares higher at close of trade; PSEi Composite up 0.12%

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Philippines shares higher at close of trade; PSEi Composite up 0.12% – Philippines equities were higher at the close on Tuesday, as gains in the Mining & Oil , Holding Firms and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.12%.

The biggest gainers of the session on the PSEi Composite were SM Investments Corp (PS: SM ), which rose 3.17% or 30.00 points to trade at 975.00 at the close. Globe Telecom Inc (PS: GLO ) added 2.71% or 44.00 points to end at 1668.00 and International Container Terminal Services Inc (PS: ICT ) was up 2.04% or 2.000 points to 100.000 in late trade.

Biggest losers included Megaworld Corp (PS: MEG ), which lost 3.97% or 0.190 points to trade at 4.600 in late trade. Security Bank Corp (PS: SECB ) declined 2.88% or 6.80 points to end at 229.20 and Bank of the Philippine Islands (PS: BPI ) shed 2.81% or 3.14 points to 108.70.

Declining stocks outnumbered rising ones by 103 to 100 and 44 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.37% or 5.00 to $1341.90 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.68% or 0.43 to hit $63.44 a barrel, while the June Brent oil contract rose 0.78% or 0.53 to trade at $68.17 a barrel.

CNY/PHP was down 0.24% to 8.2849, while USD/PHP fell 0.09% to 52.070.

The US Dollar Index Futures was down 0.16% at 89.55.

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