Philippines shares higher at close of trade; PSEi Composite up 0.23%

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Philippines shares higher at close of trade; PSEi Composite up 0.23% – Philippines equities were higher at the close on Thursday, as gains in the Banking & Financials , Industrials and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.23%.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 4.03% or 0.180 points to trade at 4.650 at the close. GT Capital Holdings Inc (PS: GTCAP ) added 3.82% or 35.00 points to end at 952.00 and Ayala Corp (PS: AC ) was up 2.99% or 28.00 points to 966.00 in late trade.

Biggest losers included Metro Pacific Investments Corp (PS: MPI ), which lost 3.43% or 0.160 points to trade at 4.500 in late trade. Robinsons Land Corp (PS: RLC ) declined 2.74% or 0.540 points to end at 19.200 and SM Prime Holdings Inc (PS: SMPH ) shed 2.02% or 0.750 points to 36.400.

Declining stocks outnumbered rising ones by 103 to 85 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.07% or 0.90 to $1245.30 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.84% or 0.59 to hit $70.97 a barrel, while the September Brent oil contract rose 2.06% or 1.51 to trade at $74.91 a barrel.

CNY/PHP was down 0.07% to 8.0244, while USD/PHP fell 0.20% to 53.522.

The US Dollar Index Futures was down 0.01% at 94.47.

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