Philippines shares higher at close of trade; PSEi Composite up 0.10%

  • Stock Market News
Philippines shares higher at close of trade; PSEi Composite up 0.10% – Philippines equities were higher at the close on Thursday, as gains in the Holding Firms , Mining & Oil and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.10% to hit a new 6-month high.

The biggest gainers of the session on the PSEi Composite were GT Capital Holdings Inc (PS: GTCAP ), which rose 2.20% or 27.00 points to trade at 1257.00 at the close. Emperador Inc (PS: EMP ) added 1.90% or 0.140 points to end at 7.500 and Security Bank Corp (PS: SECB ) was up 1.75% or 4.00 points to 232.00 in late trade.

Biggest losers included International Container Terminal Services Inc (PS: ICT ), which lost 2.66% or 2.900 points to trade at 106.000 in late trade. Ayala Land Inc (PS: ALI ) declined 1.48% or 0.650 points to end at 43.300 and Metro Pacific Investments Corp (PS: MPI ) shed 1.16% or 0.080 points to 6.800.

Declining stocks outnumbered rising ones by 115 to 94 and 53 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 1.02% or 12.78 to $1262.18 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.27% or 0.13 to hit $48.62 a barrel, while the September Brent oil contract fell 0.27% or 0.14 to trade at $50.83 a barrel.

CNY/PHP was up 0.14% to 7.5072, while USD/PHP fell 0.16% to 50.560.

The US Dollar Index Futures was up 0.08% at 93.36.

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