Philippines shares higher at close of trade; PSEi Composite up 0.75%

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Philippines shares higher at close of trade; PSEi Composite up 0.75% – Philippines equities were higher at the close on Monday, as gains in the Holding Firms , Mining & Oil and Property sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.75%.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 4.89% or 0.920 points to trade at 19.720 at the close. DMCI Holdings Inc (PS: DMC ) added 4.28% or 0.520 points to end at 12.680 and JG Summit Holdings Inc (PS: JGS ) was up 3.35% or 2.100 points to 64.800 in late trade.

Biggest losers included Ayala Corp (PS: AC ), which lost 2.64% or 25.00 points to trade at 923.00 in late trade. International Container Terminal Services Inc (PS: ICT ) declined 2.00% or 2.000 points to end at 98.000 and Bank of the Philippine Islands (PS: BPI ) shed 1.71% or 2.00 points to 115.00.

Advancing stocks outnumbered falling ones by 131 to 80 and 36 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was up 0.61% or 8.10 to $1335.40 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.52% or 0.34 to hit $65.28 a barrel, while the June Brent oil contract rose 0.84% or 0.58 to trade at $69.92 a barrel.

CNY/PHP was down 0.04% to 8.2910, while USD/PHP fell 0.19% to 52.075.

The US Dollar Index Futures was down 0.21% at 89.56.

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