Philippines shares higher at close of trade; PSEi Composite up 2.72%

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Philippines shares higher at close of trade; PSEi Composite up 2.72% – Philippines equities were higher at the close on Thursday, as gains in the Property , Holding Firms and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 2.72%.

The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS: DMC ), which rose 5.56% or 0.700 points to trade at 13.300 at the close. Ayala Land Inc (PS: ALI ) added 5.53% or 2.200 points to end at 41.950 and SM Investments Corp (PS: SM ) was up 5.32% or 49.50 points to 980.00 in late trade.

Biggest losers included Alliance Global Group Inc (PS: AGI ), which lost 1.64% or 0.220 points to trade at 13.200 in late trade. International Container Terminal Services Inc (PS: ICT ) declined 0.67% or 0.700 points to end at 104.000 and Metro Pacific Investments Corp (PS: MPI ) shed 0.38% or 0.020 points to 5.250.

Advancing stocks outnumbered falling ones by 122 to 75 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was up 0.89% or 11.70 to $1333.20 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.18% or 0.12 to hit $65.05 a barrel, while the May Brent oil contract fell 0.40% or 0.28 to trade at $69.19 a barrel.

CNY/PHP was up 0.34% to 8.2664, while USD/PHP rose 0.43% to 52.284.

The US Dollar Index Futures was down 0.17% at 89.13.

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