Philippines shares higher at close of trade; PSEi Composite up 1.78%

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Philippines shares higher at close of trade; PSEi Composite up 1.78% – Philippines equities were higher at the close on Friday, as gains in the Holding Firms , Banking & Financials and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 1.78%.

The biggest gainers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS: AEV ), which rose 9.00% or 5.200 points to trade at 63.000 at the close. SM Investments Corp (PS: SM ) added 4.44% or 38.50 points to end at 906.50 and Bank of the Philippine Islands (PS: BPI ) was up 4.21% or 4.00 points to 99.00 in late trade.

Biggest losers included Robinsons Land Corp (PS: RLC ), which lost 6.12% or 1.350 points to trade at 20.700 in late trade. Globe Telecom Inc (PS: GLO ) declined 2.04% or 33.00 points to end at 1583.00 and Alliance Global Group Inc (PS: AGI ) shed 1.80% or 0.240 points to 13.060.

Advancing stocks outnumbered falling ones by 100 to 89 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.08% or 1.00 to $1299.10 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.22% or 0.15 to hit $67.19 a barrel, while the August Brent oil contract rose 0.14% or 0.11 to trade at $77.67 a barrel.

CNY/PHP was up 0.09% to 8.1944, while USD/PHP rose 0.03% to 52.578.

The US Dollar Index Futures was up 0.09% at 94.03.

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