Philippines shares higher at close of trade; PSEi Composite up 0.35%

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Philippines shares higher at close of trade; PSEi Composite up 0.35% – Philippines equities were higher at the close on Friday, as gains in the Industrials , Property and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.35% to hit a new all time high.

The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS: URC ), which rose 5.06% or 7.90 points to trade at 163.90 at the close. San Miguel Corp (PS: SMC ) added 3.54% or 4.10 points to end at 120.00 and GT Capital Holdings Inc (PS: GTCAP ) was up 3.25% or 43.00 points to 1367.00 in late trade.

Biggest losers included First Gen Corp (PS: FGEN ), which lost 2.89% or 0.48 points to trade at 16.12 in late trade. SM Investments Corp (PS: SM ) declined 2.86% or 30.00 points to end at 1020.00 and Globe Telecom Inc (PS: GLO ) shed 2.43% or 45.00 points to 1805.00.

Advancing stocks outnumbered falling ones by 126 to 86 and 51 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was down 0.22% or 2.90 to $1318.70 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.37% or 0.23 to hit $61.78 a barrel, while the March Brent oil contract fell 0.29% or 0.20 to trade at $67.87 a barrel.

CNY/PHP was up 0.04% to 7.6839, while USD/PHP fell 0.08% to 49.836.

The US Dollar Index Futures was up 0.13% at 91.72.

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