Philippines shares higher at close of trade; PSEi Composite up 0.17%

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Philippines shares higher at close of trade; PSEi Composite up 0.17% – Philippines equities were higher at the close on Wednesday, as gains in the Banking & Financials , Industrials and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.17%.

The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS: GLO ), which rose 3.23% or 60.00 points to trade at 1920.00 at the close. San Miguel Corp (PS: SMC ) added 2.96% or 4.20 points to end at 146.20 and Aboitiz Equity Ventures Inc (PS: AEV ) was up 1.74% or 1.000 points to 58.600 in late trade.

Biggest losers included GT Capital Holdings Inc (PS: GTCAP ), which lost 4.66% or 44.50 points to trade at 910.00 in late trade. SM Prime Holdings Inc (PS: SMPH ) declined 1.79% or 0.650 points to end at 35.700 and Semirara Mining Corp (PS: SCC ) shed 1.60% or 0.50 points to 30.80.

Advancing stocks outnumbered falling ones by 111 to 91 and 59 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.50% or 6.00 to $1194.70 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.73% or 0.49 to hit $66.55 a barrel, while the October Brent oil contract fell 0.52% or 0.38 to trade at $72.08 a barrel.

CNY/PHP was down 0.20% to 7.7450, while USD/PHP rose 0.15% to 53.535.

The US Dollar Index Futures was up 0.13% at 96.68.

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