Philippines shares higher at close of trade; PSEi Composite up 1.10%

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Philippines shares higher at close of trade; PSEi Composite up 1.10% – Philippines equities were higher at the close on Wednesday, as gains in the Property , Mining & Oil and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 1.10%.

The biggest gainers of the session on the PSEi Composite were Manila Electric Co (PS: MER ), which rose 4.91% or 16.80 points to trade at 358.80 at the close. JG Summit Holdings Inc (PS: JGS ) added 3.98% or 2.050 points to end at 53.550 and Ayala Land Inc (PS: ALI ) was up 3.05% or 1.200 points to 40.500 in late trade.

Biggest losers included Robinsons Retail Holdings Inc (PS: RRHI ), which lost 3.42% or 2.800 points to trade at 79.000 in late trade. Bank of the Philippine Islands (PS: BPI ) declined 1.52% or 1.25 points to end at 81.10 and San Miguel Corp (PS: SMC ) shed 0.65% or 1.10 points to 168.90.

Advancing stocks outnumbered falling ones by 93 to 91 and 59 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.01% or 0.10 to $1206.90 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.36% or 0.27 to hit $75.50 a barrel, while the December Brent oil contract rose 0.50% or 0.42 to trade at $85.22 a barrel.

CNY/PHP was up 0.00% to 7.8994, while USD/PHP fell 0.20% to 54.189.

The US Dollar Index Futures was down 0.12% at 95.02.

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