Philippines shares higher at close of trade; PSEi Composite up 0.93%

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Philippines shares higher at close of trade; PSEi Composite up 0.93% – Philippines equities were higher at the close on Monday, as gains in the Holding Firms , Services and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.93% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 5.94% or 1.040 points to trade at 18.540 at the close. International Container Terminal Services Inc (PS: ICT ) added 5.80% or 4.850 points to end at 88.400 and Aboitiz Equity Ventures Inc (PS: AEV ) was up 5.00% or 2.750 points to 57.750 in late trade.

Biggest losers included BDO Unibank Inc (PS: BDO ), which lost 2.19% or 3.00 points to trade at 134.00 in late trade. Bank of the Philippine Islands (PS: BPI ) declined 1.09% or 1.10 points to end at 99.90 and Security Bank Corp (PS: SECB ) shed 0.49% or 1.00 points to 205.00.

Advancing stocks outnumbered falling ones by 98 to 89 and 56 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.19% or 2.30 to $1220.70 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.98% or 0.67 to hit $69.36 a barrel, while the October Brent oil contract rose 0.28% or 0.21 to trade at $74.97 a barrel.

CNY/PHP was down 0.25% to 7.7909, while USD/PHP rose 0.06% to 53.185.

The US Dollar Index Futures was down 0.10% at 94.38.

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