Philippines shares higher at close of trade; PSEi Composite up 0.28%

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Philippines shares higher at close of trade; PSEi Composite up 0.28% – Philippines equities were higher at the close on Thursday, as gains in the Holding Firms , Banking & Financials and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.28% to hit a new 3-month high.

The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS: MPI ), which rose 5.36% or 0.280 points to trade at 5.500 at the close. GT Capital Holdings Inc (PS: GTCAP ) added 4.46% or 38.00 points to end at 890.00 and DMCI Holdings Inc (PS: DMC ) was up 2.52% or 0.300 points to 12.200 in late trade.

Biggest losers included PLDT Inc (PS: TEL ), which lost 1.06% or 15.00 points to trade at 1400.00 in late trade. Universal Robina Corp (PS: URC ) declined 0.99% or 1.40 points to end at 140.60 and Aboitiz Power Corp (PS: AP ) shed 0.96% or 0.35 points to 36.15.

Advancing stocks outnumbered falling ones by 99 to 96 and 48 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.28% or 3.40 to $1208.10 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.23% or 0.16 to hit $69.67 a barrel, while the November Brent oil contract rose 0.41% or 0.32 to trade at $77.78 a barrel.

CNY/PHP was down 0.18% to 7.8190, while USD/PHP rose 0.12% to 53.446.

The US Dollar Index Futures was up 0.18% at 94.63.

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