Philippines shares higher at close of trade; PSEi Composite up 0.46%

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Philippines shares higher at close of trade; PSEi Composite up 0.46% – Philippines equities were higher at the close on Friday, as gains in the Property , Banking & Financials and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.46% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were Jollibee Foods Corp (PS: JFC ), which rose 3.83% or 9.80 points to trade at 266.00 at the close. DMCI Holdings Inc (PS: DMC ) added 3.36% or 0.380 points to end at 11.700 and JG Summit Holdings Inc (PS: JGS ) was up 1.91% or 1.050 points to 56.000 in late trade.

Biggest losers included Megaworld Corp (PS: MEG ), which lost 3.29% or 0.160 points to trade at 4.700 in late trade. GT Capital Holdings Inc (PS: GTCAP ) declined 1.12% or 11.00 points to end at 974.00 and Metro Pacific Investments Corp (PS: MPI ) shed 1.09% or 0.050 points to 4.540.

Declining stocks outnumbered rising ones by 89 to 84 and 50 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.52% or 6.40 to $1219.30 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.32% or 0.22 to hit $69.39 a barrel, while the September Brent oil contract fell 0.34% or 0.25 to trade at $74.29 a barrel.

CNY/PHP was down 0.63% to 7.8156, while USD/PHP fell 0.16% to 53.300.

The US Dollar Index Futures was up 0.08% at 94.65.

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