Philippines shares higher at close of trade; PSEi Composite up 2.02%

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Philippines shares higher at close of trade; PSEi Composite up 2.02% – Philippines equities were higher at the close on Thursday, as gains in the Holding Firms , Property and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 2.02% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS: AEV ), which rose 5.27% or 2.750 points to trade at 54.950 at the close. Aboitiz Power Corp (PS: AP ) added 4.13% or 1.45 points to end at 36.60 and SM Investments Corp (PS: SM ) was up 3.86% or 36.00 points to 969.00 in late trade.

Biggest losers included Metro Pacific Investments Corp (PS: MPI ), which lost 2.34% or 0.110 points to trade at 4.590 in late trade. Semirara Mining Corp (PS: SCC ) declined 1.85% or 0.60 points to end at 31.90 and Alliance Global Group Inc (PS: AGI ) shed 0.50% or 0.060 points to 11.880.

Advancing stocks outnumbered falling ones by 123 to 78 and 41 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.37% or 4.50 to $1227.30 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.23% or 0.16 to hit $69.14 a barrel, while the September Brent oil contract rose 0.61% or 0.45 to trade at $74.38 a barrel.

CNY/PHP was up 0.14% to 7.8763, while USD/PHP rose 0.42% to 53.420.

The US Dollar Index Futures was up 0.04% at 94.02.

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