Philippines shares higher at close of trade; PSEi Composite up 1.61%

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Philippines shares higher at close of trade; PSEi Composite up 1.61% – Philippines equities were higher at the close on Wednesday, as gains in the Mining & Oil , Banking & Financials and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 1.61%.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 7.64% or 10.50 points to trade at 148.00 at the close. Security Bank Corp (PS: SECB ) added 4.11% or 6.00 points to end at 152.00 and BDO Unibank Inc (PS: BDO ) was up 3.66% or 4.10 points to 116.10 in late trade.

Biggest losers included LT Group Inc (PS: LTG ), which lost 0.76% or 0.100 points to trade at 13.100 in late trade. Aboitiz Equity Ventures Inc (PS: AEV ) declined 0.55% or 0.250 points to end at 45.400 and Puregold Price Club Inc (PS: PGOLD ) shed 0.12% or 0.050 points to 40.950.

Advancing stocks outnumbered falling ones by 130 to 56 and 45 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.26% or 3.20 to $1227.80 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.28% or 0.20 to hit $72.12 a barrel, while the December Brent oil contract rose 0.41% or 0.33 to trade at $81.74 a barrel.

CNY/PHP was down 0.25% to 7.7811, while USD/PHP rose 0.17% to 53.880.

The US Dollar Index Futures was up 0.09% at 94.87.

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