Philippines shares higher at close of trade; PSEi Composite up 1.02%

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Philippines shares higher at close of trade; PSEi Composite up 1.02% – Philippines equities were higher at the close on Wednesday, as gains in the Property , Holding Firms and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 1.02%.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 5.30% or 0.240 points to trade at 4.770 at the close. LT Group Inc (PS: LTG ) added 3.60% or 0.540 points to end at 15.560 and Ayala Land Inc (PS: ALI ) was up 2.85% or 1.150 points to 41.550 in late trade.

Biggest losers included International Container Terminal Services Inc (PS: ICT ), which lost 1.15% or 1.200 points to trade at 103.000 in late trade. Emperador Inc (PS: EMP ) declined 0.37% or 0.030 points to end at 8.100 and San Miguel Corp (PS: SMC ) shed 0.29% or 0.30 points to 103.00.

Advancing stocks outnumbered falling ones by 125 to 85 and 42 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for August delivery was up 0.27% or 3.29 to $1217.99 a troy ounce. Meanwhile, Crude oil for delivery in August rose 1.93% or 0.87 to hit $45.91 a barrel, while the September Brent oil contract rose 1.66% or 0.79 to trade at $48.31 a barrel.

CNY/PHP was up 0.40% to 7.4619, while USD/PHP rose 0.19% to 50.640.

The US Dollar Index Futures was unchanged 0.00% at 95.49.

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