Philippines shares higher at close of trade; PSEi Composite up 0.94%

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Philippines shares higher at close of trade; PSEi Composite up 0.94% – Philippines equities were higher at the close on Wednesday, as gains in the Property , Holding Firms and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.94% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 4.01% or 0.180 points to trade at 4.670 at the close. Ayala Land Inc (PS: ALI ) added 2.94% or 1.100 points to end at 38.500 and Ayala Corp (PS: AC ) was up 2.73% or 26.00 points to 979.00 in late trade.

Biggest losers included LT Group Inc (PS: LTG ), which lost 1.69% or 0.300 points to trade at 17.400 in late trade. International Container Terminal Services Inc (PS: ICT ) declined 0.62% or 0.500 points to end at 80.500 and Metropolitan Bank and Trust Co (PS: MBT ) shed 0.36% or 0.25 points to 69.75.

Advancing stocks outnumbered falling ones by 108 to 73 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.46% or 5.60 to $1221.70 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.80% or 0.54 to hit $66.62 a barrel, while the September Brent oil contract fell 1.04% or 0.75 to trade at $71.41 a barrel.

CNY/PHP was down 0.36% to 7.9642, while USD/PHP rose 0.16% to 53.520.

The US Dollar Index Futures was up 0.42% at 95.13.

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