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

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Philippines shares higher at close of trade; PSEi Composite up 0.10% – Philippines equities were higher at the close on Wednesday, as gains in the Services , Mining & Oil and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.10%.

The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS: AGI ), which rose 2.96% or 0.400 points to trade at 13.900 at the close. LT Group Inc (PS: LTG ) added 2.16% or 0.380 points to end at 18.000 and Petron Corp (PS: PCOR ) was up 2.00% or 0.190 points to 9.690 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS: MBT ), which lost 1.64% or 1.45 points to trade at 87.00 in late trade. Security Bank Corp (PS: SECB ) declined 1.58% or 4.00 points to end at 248.80 and Metro Pacific Investments Corp (PS: MPI ) shed 1.53% or 0.100 points to 6.450.

Declining stocks outnumbered rising ones by 100 to 91 and 54 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.32% or 4.25 to $1314.65 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.67% or 0.31 to hit $46.13 a barrel, while the November Brent oil contract fell 0.81% or 0.42 to trade at $51.24 a barrel.

CNY/PHP was up 0.07% to 7.7605, while USD/PHP fell 0.03% to 51.155.

The US Dollar Index Futures was up 0.16% at 92.42.

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