Philippines shares higher at close of trade; PSEi Composite up 0.16%

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Philippines shares higher at close of trade; PSEi Composite up 0.16% – Philippines equities were higher at the close on Friday, as gains in the Property , Mining & Oil and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.16%.

The biggest gainers of the session on the PSEi Composite were GT Capital Holdings Inc (PS: GTCAP ), which rose 2.26% or 21.00 points to trade at 950.00 at the close. Aboitiz Power Corp (PS: AP ) added 2.06% or 0.75 points to end at 37.15 and JG Summit Holdings Inc (PS: JGS ) was up 1.89% or 1.000 points to 54.000 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 3.79% or 2.000 points to trade at 50.800 in late trade. Metro Pacific Investments Corp (PS: MPI ) declined 3.15% or 0.140 points to end at 4.300 and Security Bank Corp (PS: SECB ) shed 2.36% or 5.00 points to 206.60.

Advancing stocks outnumbered falling ones by 96 to 90 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.02% or 0.30 to $1223.70 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.31% or 0.21 to hit $68.45 a barrel, while the September Brent oil contract rose 0.92% or 0.67 to trade at $73.25 a barrel.

CNY/PHP was down 0.36% to 7.8834, while USD/PHP fell 0.19% to 53.480.

The US Dollar Index Futures was down 0.09% at 94.89.

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