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Philippines shares higher at close of trade; PSEi Composite up 2.06%

Published 17-03-2016, 02:05 pm
Philippines shares higher at close of trade; PSEi Composite up 2.06%
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Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Services, Property and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 2.06% to hit a new 3-month high.

The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 6.93% or 1.900 points to trade at 29.300 at the close. Philex Mining Corp (PS:PX) added 5.66% or 0.320 points to end at 5.970 and Globe Telecom Inc (PS:GLO) was up 4.71% or 98.000 points to 2180.000 in late trade.

Biggest losers included First Gen Corp (PS:FGEN), which lost 0.24% or 0.05 points to trade at 20.85 in late trade. Metro Pacific Investments Corp (PS:MPI) unchanged 0.00% or 0.000 points to end at 5.990 and San Miguel Corp (PS:SMC) gained 0.13% or 0.100 points to 78.000.

Advancing stocks outnumbered falling ones by 121 to 51 and 35 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold for April delivery was up 3.11% or 38.30 to $1268.10 a troy ounce. Meanwhile, Crude oil for delivery in April rose 2.99% or 1.15 to hit $39.61 a barrel, while the May Brent oil contract rose 2.50% or 1.01 to trade at $41.34 a barrel.

CNY/PHP was down 0.49% to 7.1356, while USD/PHP fell 0.95% to 46.328.

The US Dollar Index was down 0.64% at 95.09.

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