Philippines shares higher at close of trade; PSEi Composite up 0.17%

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Philippines shares higher at close of trade; PSEi Composite up 0.17% – Philippines equities were higher at the close on Tuesday, as gains in the Services , Industrials and Property sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.17%.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS: GLO ), which rose 2.83% or 47.00 points to trade at 1709.00 at the close. Metro Pacific Investments Corp (PS: MPI ) added 2.03% or 0.090 points to end at 4.520 and International Container Terminal Services Inc (PS: ICT ) was up 1.89% or 1.500 points to 81.000 in late trade.

Biggest losers included Ayala Corp (PS: AC ), which lost 1.90% or 18.50 points to trade at 953.00 in late trade. LT Group Inc (PS: LTG ) declined 1.45% or 0.260 points to end at 17.700 and Robinsons Land Corp (PS: RLC ) shed 1.31% or 0.260 points to 19.520.

Advancing stocks outnumbered falling ones by 91 to 89 and 54 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.38% or 4.70 to $1244.40 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.22% or 0.15 to hit $67.22 a barrel, while the September Brent oil contract rose 0.31% or 0.22 to trade at $72.06 a barrel.

CNY/PHP was down 0.11% to 7.9921, while USD/PHP fell 0.20% to 53.378.

The US Dollar Index Futures was down 0.14% at 94.14.

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