Philippines shares higher at close of trade; PSEi Composite up 1.63%

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Philippines shares higher at close of trade; PSEi Composite up 1.63% – Philippines equities were higher at the close on Wednesday, as gains in the Services , Industrials and Property sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 1.63% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS: GLO ), which rose 8.64% or 161.00 points to trade at 2024.00 at the close. International Container Terminal Services Inc (PS: ICT ) added 7.15% or 6.150 points to end at 92.150 and JG Summit Holdings Inc (PS: JGS ) was up 3.57% or 2.000 points to 58.000 in late trade.

Biggest losers included Robinsons Land Corp (PS: RLC ), which lost 2.43% or 0.500 points to trade at 20.100 in late trade. LT Group Inc (PS: LTG ) declined 1.70% or 0.300 points to end at 17.300 and Emperador Inc (PS: EMP ) shed 0.27% or 0.020 points to 7.270.

Advancing stocks outnumbered falling ones by 114 to 74 and 52 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.18% or 2.20 to $1220.50 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.07% or 0.05 to hit $69.22 a barrel, while the October Brent oil contract rose 0.05% or 0.04 to trade at $74.69 a barrel.

CNY/PHP was up 0.09% to 7.7657, while USD/PHP rose 0.31% to 53.074.

The US Dollar Index Futures was up 0.06% at 95.06.

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