Philippines shares higher at close of trade; PSEi Composite up 2.25%

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Philippines shares higher at close of trade; PSEi Composite up 2.25% – Philippines equities were higher at the close on Thursday, as gains in the Property , Holding Firms and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 2.25%.

The biggest gainers of the session on the PSEi Composite were San Miguel Corp (PS: SMC ), which rose 8.62% or 12.70 points to trade at 160.00 at the close. Alliance Global Group Inc (PS: AGI ) added 5.84% or 0.740 points to end at 13.420 and JG Summit Holdings Inc (PS: JGS ) was up 5.77% or 3.000 points to 55.000 in late trade.

Biggest losers included LT Group Inc (PS: LTG ), which lost 0.45% or 0.080 points to trade at 17.620 in late trade. Energy Development Corp (PS: EDC ) declined 0.42% or 0.030 points to end at 7.050 and GT Capital Holdings Inc (PS: GTCAP ) 0.00% or 0.00 points to 895.00.

Advancing stocks outnumbered falling ones by 130 to 67 and 50 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.71% or 8.60 to $1194.70 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.28% or 0.19 to hit $67.67 a barrel, while the October Brent oil contract fell 0.59% or 0.44 to trade at $74.34 a barrel.

CNY/PHP was down 0.35% to 7.7839, while USD/PHP rose 0.12% to 53.501.

The US Dollar Index Futures was up 0.35% at 95.33.

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