Philippines shares higher at close of trade; PSEi Composite up 0.90%

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Philippines shares higher at close of trade; PSEi Composite up 0.90% – Philippines equities were higher at the close on Wednesday, as gains in the Property , Industrials and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.90%.

The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS: ALI ), which rose 3.14% or 1.250 points to trade at 41.000 at the close. BDO Unibank Inc (PS: BDO ) added 3.01% or 4.00 points to end at 137.00 and Universal Robina Corp (PS: URC ) was up 2.64% or 3.60 points to 140.00 in late trade.

Biggest losers included Semirara Mining Corp (PS: SCC ), which lost 2.58% or 0.80 points to trade at 30.20 in late trade. First Gen Corp (PS: FGEN ) declined 2.31% or 0.38 points to end at 16.08 and International Container Terminal Services Inc (PS: ICT ) shed 1.95% or 1.900 points to 95.600.

Declining stocks outnumbered rising ones by 105 to 104 and 39 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.10% or 1.30 to $1348.20 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.96% or 0.64 to hit $67.16 a barrel, while the June Brent oil contract rose 0.82% or 0.59 to trade at $72.17 a barrel.

CNY/PHP was down 0.02% to 8.2846, while USD/PHP rose 0.03% to 52.096.

The US Dollar Index Futures was up 0.16% at 89.36.

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