Philippines shares higher at close of trade; PSEi Composite up 2.41%

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Philippines shares higher at close of trade; PSEi Composite up 2.41% – Philippines equities were higher at the close on Wednesday, as gains in the Property , Holding Firms and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 2.41%.

The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS: DMC ), which rose 6.86% or 0.700 points to trade at 10.900 at the close. Robinsons Land Corp (PS: RLC ) added 6.04% or 1.100 points to end at 19.320 and SM Prime Holdings Inc (PS: SMPH ) was up 5.34% or 1.800 points to 35.500 in late trade.

Biggest losers included International Container Terminal Services Inc (PS: ICT ), which lost 2.50% or 2.000 points to trade at 78.000 in late trade. GT Capital Holdings Inc (PS: GTCAP ) declined 1.61% or 14.50 points to end at 885.00 and LT Group Inc (PS: LTG ) shed 1.27% or 0.240 points to 18.700.

Advancing stocks outnumbered falling ones by 101 to 94 and 43 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was down 0.09% or 1.10 to $1258.80 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.13% or 0.09 to hit $70.62 a barrel, while the September Brent oil contract rose 0.22% or 0.17 to trade at $76.31 a barrel.

CNY/PHP was down 0.73% to 8.0983, while USD/PHP fell 0.22% to 53.544.

The US Dollar Index Futures was up 0.11% at 94.46.

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