Philippines shares higher at close of trade; PSEi Composite up 0.29%

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Philippines shares higher at close of trade; PSEi Composite up 0.29% – Philippines equities were higher at the close on Tuesday, as gains in the Holding Firms , Property and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.29%.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 4.07% or 0.740 points to trade at 18.940 at the close. JG Summit Holdings Inc (PS: JGS ) added 3.84% or 1.800 points to end at 48.700 and GT Capital Holdings Inc (PS: GTCAP ) was up 3.45% or 30.00 points to 899.50 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS: MBT ), which lost 3.40% or 2.50 points to trade at 71.00 in late trade. Alliance Global Group Inc (PS: AGI ) declined 2.68% or 0.320 points to end at 11.620 and Megaworld Corp (PS: MEG ) shed 2.49% or 0.110 points to 4.300.

Declining stocks outnumbered rising ones by 125 to 78 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.64% or 8.10 to $1260.80 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.50% or 0.34 to hit $68.42 a barrel, while the September Brent oil contract rose 0.47% or 0.35 to trade at $74.90 a barrel.

CNY/PHP was down 0.06% to 8.1731, while USD/PHP rose 0.04% to 53.514.

The US Dollar Index Futures was up 0.19% at 94.13.

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