Philippines shares higher at close of trade; PSEi Composite up 1.75%

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Philippines shares higher at close of trade; PSEi Composite up 1.75% – Philippines equities were higher at the close on Friday, as gains in the Mining & Oil , Industrials and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 1.75%.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 7.03% or 9.00 points to trade at 137.00 at the close. Robinsons Retail Holdings Inc (PS: RRHI ) added 6.67% or 5.000 points to end at 80.000 and Puregold Price Club Inc (PS: PGOLD ) was up 6.17% or 2.500 points to 43.000 in late trade.

Biggest losers included Globe Telecom Inc (PS: GLO ), which lost 2.23% or 48.00 points to trade at 2100.00 in late trade. DMCI Holdings Inc (PS: DMC ) declined 1.48% or 0.180 points to end at 12.000 and Manila Electric Co (PS: MER ) shed 1.46% or 5.20 points to 351.80.

Advancing stocks outnumbered falling ones by 125 to 56 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.55% or 6.80 to $1220.80 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.14% or 0.81 to hit $71.78 a barrel, while the December Brent oil contract rose 1.02% or 0.82 to trade at $81.08 a barrel.

CNY/PHP was down 0.09% to 7.8150, while USD/PHP rose 0.13% to 54.122.

The US Dollar Index Futures was up 0.11% at 94.79.

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