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 Banking & Financials , Services and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.90% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were BDO Unibank Inc (PS: BDO ), which rose 4.65% or 6.00 points to trade at 135.00 at the close. Metro Pacific Investments Corp (PS: MPI ) added 4.21% or 0.190 points to end at 4.700 and Ayala Land Inc (PS: ALI ) was up 3.58% or 1.400 points to 40.500 in late trade.

Biggest losers included First Gen Corp (PS: FGEN ), which lost 5.73% or 0.90 points to trade at 14.80 in late trade. Aboitiz Power Corp (PS: AP ) declined 3.17% or 1.15 points to end at 35.15 and Robinsons Land Corp (PS: RLC ) shed 2.67% or 0.520 points to 18.980.

Advancing stocks outnumbered falling ones by 124 to 70 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.22% or 2.70 to $1228.20 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.13% or 0.09 to hit $68.61 a barrel, while the September Brent oil contract rose 0.71% or 0.52 to trade at $73.96 a barrel.

CNY/PHP was up 0.58% to 7.8741, while USD/PHP rose 0.10% to 53.362.

The US Dollar Index Futures was down 0.10% at 94.30.

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