Philippines shares higher at close of trade; PSEi Composite up 0.59%

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Philippines shares higher at close of trade; PSEi Composite up 0.59% – Philippines equities were higher at the close on Tuesday, as gains in the Property , Mining & Oil and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.59%.

The biggest gainers of the session on the PSEi Composite were SM Prime Holdings Inc (PS: SMPH ), which rose 4.79% or 1.550 points to trade at 33.900 at the close. Globe Telecom Inc (PS: GLO ) added 4.11% or 65.00 points to end at 1645.00 and GT Capital Holdings Inc (PS: GTCAP ) was up 2.90% or 28.50 points to 1011.00 in late trade.

Biggest losers included International Container Terminal Services Inc (PS: ICT ), which lost 2.47% or 2.100 points to trade at 82.900 in late trade. Security Bank Corp (PS: SECB ) declined 1.35% or 2.70 points to end at 197.10 and Aboitiz Equity Ventures Inc (PS: AEV ) shed 1.28% or 0.800 points to 61.600.

Advancing stocks outnumbered falling ones by 97 to 96 and 48 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.14% or 1.90 to $1312.20 a troy ounce. Meanwhile, Crude oil for delivery in June fell 1.30% or 0.92 to hit $69.81 a barrel, while the July Brent oil contract fell 0.96% or 0.73 to trade at $75.44 a barrel.

CNY/PHP was down 0.15% to 8.1466, while USD/PHP fell 0.11% to 51.891.

The US Dollar Index Futures was up 0.28% at 92.87.

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