Philippines shares higher at close of trade; PSEi Composite up 0.39%

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Philippines shares higher at close of trade; PSEi Composite up 0.39%

Investing.com – Philippines equities were higher at the close on Monday, as gains in the Services , Property and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.39% to hit a new all time high.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS: LTG ), which rose 6.52% or 1.500 points to trade at 24.500 at the close. San Miguel Corp (PS: SMC ) added 2.86% or 3.80 points to end at 136.80 and Ayala Corp (PS: AC ) was up 1.84% or 19.00 points to 1050.00 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 3.85% or 3.000 points to trade at 75.000 in late trade. Megaworld Corp (PS: MEG ) declined 2.53% or 0.130 points to end at 5.000 and Alliance Global Group Inc (PS: AGI ) shed 1.85% or 0.300 points to 15.900.

Declining stocks outnumbered rising ones by 128 to 98 and 52 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was down 0.21% or 2.80 to $1330.30 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.35% or 0.22 to hit $63.53 a barrel, while the March Brent oil contract rose 0.36% or 0.25 to trade at $68.86 a barrel.

CNY/PHP was up 0.45% to 7.9556, while USD/PHP rose 0.33% to 50.900.

The US Dollar Index Futures was down 0.17% at 90.34.

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