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Philippines shares higher at close of trade; PSEi Composite up 0.03%

Published 2018/08/31, 10:35
Updated 2018/08/31, 10:36
Philippines shares higher at close of trade; PSEi Composite up 0.03%

Investing.com – Philippines equities were higher at the close on Friday, as gains in the Holding Firms, Services and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.03% to hit a new 3-month high.

The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS:DMC), which rose 4.92% or 0.600 points to trade at 12.800 at the close. Aboitiz Power Corp (PS:AP) added 2.35% or 0.85 points to end at 37.00 and Alliance Global Group Inc (PS:AGI) was up 1.62% or 0.220 points to 13.800 in late trade.

Biggest losers included Security Bank Corp (PS:SECB), which lost 2.70% or 5.40 points to trade at 194.50 in late trade. Megaworld Corp (PS:MEG) declined 2.13% or 0.100 points to end at 4.590 and GT Capital Holdings Inc (PS:GTCAP) shed 1.57% or 14.00 points to 876.00.

Declining stocks outnumbered rising ones by 104 to 91 and 46 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.66% or 8.00 to $1213.00 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.40% or 0.28 to hit $69.97 a barrel, while the November Brent oil contract fell 0.53% or 0.41 to trade at $77.61 a barrel.

CNY/PHP was up 0.09% to 7.8281, while USD/PHP fell 0.19% to 53.486.

The US Dollar Index Futures was down 0.08% at 94.56.

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