Philippines shares higher at close of trade; PSEi Composite up 0.33%

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Philippines shares higher at close of trade; PSEi Composite up 0.33% – Philippines equities were higher at the close on Monday, as gains in the Property , Holding Firms and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.33%.

The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS: RLC ), which rose 2.36% or 0.550 points to trade at 23.900 at the close. Alliance Global Group Inc (PS: AGI ) added 1.63% or 0.240 points to end at 14.940 and DMCI Holdings Inc (PS: DMC ) was up 1.52% or 0.240 points to 16.000 in late trade.

Biggest losers included Bank of the Philippine Islands (PS: BPI ), which lost 1.45% or 1.50 points to trade at 102.00 in late trade. LT Group Inc (PS: LTG ) declined 1.14% or 0.200 points to end at 17.300 and JG Summit Holdings Inc (PS: JGS ) shed 1.09% or 0.800 points to 72.700.

Advancing stocks outnumbered falling ones by 110 to 87 and 50 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.63% or 8.50 to $1342.70 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.61% or 0.29 to hit $47.77 a barrel, while the November Brent oil contract fell 0.43% or 0.23 to trade at $53.55 a barrel.

CNY/PHP was down 0.72% to 7.7944, while USD/PHP fell 0.05% to 50.851.

The US Dollar Index Futures was up 0.15% at 91.45.

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