Philippines shares higher at close of trade; PSEi Composite up 1.40%

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Philippines shares higher at close of trade; PSEi Composite up 1.40%

Investing.com – Philippines equities were higher at the close on Tuesday, as gains in the Holding Firms , Services and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 1.40%.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 4.14% or 5.00 points to trade at 125.80 at the close. SM Investments Corp (PS: SM ) added 3.81% or 33.50 points to end at 912.50 and Semirara Mining Corp (PS: SCC ) was up 3.62% or 1.05 points to 30.05 in late trade.

Biggest losers included Ayala Land Inc (PS: ALI ), which lost 1.71% or 0.700 points to trade at 40.300 in late trade. Aboitiz Power Corp (PS: AP ) declined 0.77% or 0.30 points to end at 38.50 and Petron Corp (PS: PCOR ) shed 0.56% or 0.050 points to 8.900.

Advancing stocks outnumbered falling ones by 112 to 82 and 53 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.06% or 0.80 to $1296.50 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.60% or 0.39 to hit $65.14 a barrel, while the August Brent oil contract rose 0.29% or 0.22 to trade at $75.51 a barrel.

CNY/PHP was up 0.20% to 8.1946, while USD/PHP fell 0.25% to 52.449.

The US Dollar Index Futures was down 0.16% at 93.87.

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