Philippines shares higher at close of trade; PSEi Composite up 2.17%

  • Stock Market News
Philippines shares higher at close of trade; PSEi Composite up 2.17% – Philippines equities were higher at the close on Wednesday, as gains in the Mining & Oil , Holding Firms and Property sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 2.17% to hit a new 1-month high.

The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS: RLC ), which rose 4.70% or 0.920 points to trade at 20.500 at the close. DMCI Holdings Inc (PS: DMC ) added 4.58% or 0.540 points to end at 12.340 and SM Investments Corp (PS: SM ) was up 4.21% or 40.00 points to 990.00 in late trade.

Biggest losers included Bank of the Philippine Islands (PS: BPI ), which lost 2.24% or 2.20 points to trade at 95.80 in late trade. Metropolitan Bank and Trust Co (PS: MBT ) declined 0.95% or 0.70 points to end at 73.00 and Emperador Inc (PS: EMP ) shed 0.14% or 0.010 points to 7.270.

Advancing stocks outnumbered falling ones by 120 to 72 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.21% or 2.60 to $1221.10 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.65% or 0.45 to hit $68.31 a barrel, while the October Brent oil contract fell 0.57% or 0.42 to trade at $73.79 a barrel.

CNY/PHP was up 0.35% to 7.8043, while USD/PHP rose 0.09% to 53.038.

The US Dollar Index Futures was up 0.05% at 94.38.

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