Philippines shares higher at close of trade; PSEi Composite up 0.18%

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Philippines shares higher at close of trade; PSEi Composite up 0.18% – Philippines equities were higher at the close on Thursday, as gains in the Holding Firms , Banking & Financials and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.18% to hit a new all time high.

The biggest gainers of the session on the PSEi Composite were Bank of the Philippine Islands (PS: BPI ), which rose 2.45% or 2.70 points to trade at 112.70 at the close. GT Capital Holdings Inc (PS: GTCAP ) added 2.40% or 31.00 points to end at 1324.00 and Metropolitan Bank and Trust Co (PS: MBT ) was up 2.20% or 2.30 points to 106.90 in late trade.

Biggest losers included Ayala Land Inc (PS: ALI ), which lost 2.75% or 1.250 points to trade at 44.250 in late trade. First Gen Corp (PS: FGEN ) declined 1.89% or 0.32 points to end at 16.60 and PLDT Inc (PS: TEL ) shed 1.80% or 27.00 points to 1470.00.

Declining stocks outnumbered rising ones by 120 to 86 and 47 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was down 0.43% or 5.70 to $1312.80 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.52% or 0.32 to hit $61.95 a barrel, while the March Brent oil contract rose 0.31% or 0.21 to trade at $68.05 a barrel.

CNY/PHP was up 0.11% to 7.6693, while USD/PHP rose 0.02% to 49.841.

The US Dollar Index Futures was down 0.09% at 91.81.

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