Philippines shares higher at close of trade; PSEi Composite up 0.38%

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Philippines shares higher at close of trade; PSEi Composite up 0.38% – Philippines equities were higher at the close on Monday, as gains in the Banking & Financials , Industrials and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.38%.

The biggest gainers of the session on the PSEi Composite were Aboitiz Equity Ventures Inc (PS: AEV ), which rose 4.22% or 3.200 points to trade at 79.000 at the close. Jollibee Foods Corp (PS: JFC ) added 3.55% or 10.00 points to end at 292.00 and Semirara Mining Corp (PS: SCC ) was up 2.41% or 0.90 points to 38.20 in late trade.

Biggest losers included First Gen Corp (PS: FGEN ), which lost 3.39% or 0.52 points to trade at 14.80 in late trade. Ayala Land Inc (PS: ALI ) declined 3.19% or 1.400 points to end at 42.500 and Megaworld Corp (PS: MEG ) shed 3.16% or 0.150 points to 4.600.

Declining stocks outnumbered rising ones by 113 to 104 and 42 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was up 0.75% or 10.00 to $1340.30 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.05% or 0.03 to hit $63.52 a barrel, while the May Brent oil contract fell 0.13% or 0.09 to trade at $66.95 a barrel.

CNY/PHP was up 0.56% to 8.2375, while USD/PHP rose 0.14% to 51.971.

The US Dollar Index Futures was down 0.22% at 89.61.

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