Philippines shares higher at close of trade; PSEi Composite up 0.72%

  • Stock Market News
Philippines shares higher at close of trade; PSEi Composite up 0.72% – Philippines equities were higher at the close on Thursday, as gains in the Property , Holding Firms and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.72%.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS: GLO ), which rose 6.49% or 134.00 points to trade at 2200.00 at the close. Robinsons Land Corp (PS: RLC ) added 3.47% or 0.680 points to end at 20.300 and Robinsons Retail Holdings Inc (PS: RRHI ) was up 3.27% or 2.600 points to 82.000 in late trade.

Biggest losers included DMCI Holdings Inc (PS: DMC ), which lost 4.84% or 0.580 points to trade at 11.400 in late trade. PLDT Inc (PS: TEL ) declined 4.76% or 65.00 points to end at 1300.00 and Jollibee Foods Corp (PS: JFC ) shed 2.70% or 7.20 points to 259.00.

Declining stocks outnumbered rising ones by 99 to 85 and 45 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.09% or 1.10 to $1200.20 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.17% or 0.84 to hit $72.41 a barrel, while the December Brent oil contract rose 0.98% or 0.79 to trade at $81.58 a barrel.

CNY/PHP was down 0.15% to 7.8865, while USD/PHP rose 0.10% to 54.232.

The US Dollar Index Futures was up 0.26% at 94.12.

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