Philippines shares higher at close of trade; PSEi Composite up 1.73%

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Philippines shares higher at close of trade; PSEi Composite up 1.73% – Philippines equities were higher at the close on Tuesday, as gains in the Property , Holding Firms and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 1.73%.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 7.64% or 0.330 points to trade at 4.650 at the close. SM Prime Holdings Inc (PS: SMPH ) added 7.43% or 2.650 points to end at 38.300 and Robinsons Land Corp (PS: RLC ) was up 4.76% or 0.900 points to 19.800 in late trade.

Biggest losers included Energy Development Corp (PS: EDC ), which lost 1.89% or 0.100 points to trade at 5.200 in late trade. Manila Electric Co (PS: MER ) declined 1.71% or 5.60 points to end at 322.40 and International Container Terminal Services Inc (PS: ICT ) shed 0.96% or 0.800 points to 82.200.

Advancing stocks outnumbered falling ones by 109 to 91 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.64% or 8.40 to $1309.80 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.01% or 0.01 to hit $70.95 a barrel, while the July Brent oil contract rose 0.47% or 0.37 to trade at $78.60 a barrel.

CNY/PHP was down 0.23% to 8.2615, while USD/PHP rose 0.07% to 52.501.

The US Dollar Index Futures was up 0.10% at 92.64.

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