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%

Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Holding Firms , Industrials and Services sectors propelled shares higher.

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

The biggest gainers of the session on the PSEi Composite were Ayala Corp (PS: AC ), which rose 3.04% or 28.50 points to trade at 967.00 at the close. Aboitiz Equity Ventures Inc (PS: AEV ) added 3.03% or 2.000 points to end at 68.000 and Megaworld Corp (PS: MEG ) was up 2.22% or 0.100 points to 4.600 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 5.21% or 1.65 points to trade at 30.05 in late trade. Aboitiz Power Corp (PS: AP ) declined 3.61% or 1.40 points to end at 37.40 and Security Bank Corp (PS: SECB ) shed 1.90% or 4.40 points to 226.60.

Declining stocks outnumbered rising ones by 99 to 91 and 65 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.07% or 0.90 to $1346.80 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.40% or 0.26 to hit $65.25 a barrel, while the June Brent oil contract fell 0.52% or 0.37 to trade at $70.67 a barrel.

CNY/PHP was up 0.19% to 8.2632, while USD/PHP rose 0.25% to 51.945.

The US Dollar Index Futures was down 0.07% at 89.26.

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