Philippines shares higher at close of trade; PSEi Composite up 0.58%

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Philippines shares higher at close of trade; PSEi Composite up 0.58% – Philippines equities were higher at the close on Friday, as gains in the Property , Industrials and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.58%.

The biggest gainers of the session on the PSEi Composite were Aboitiz Power Corp (PS: AP ), which rose 4.89% or 1.85 points to trade at 39.70 at the close. LT Group Inc (PS: LTG ) added 4.70% or 0.860 points to end at 19.160 and Megaworld Corp (PS: MEG ) was up 2.80% or 0.120 points to 4.400 in late trade.

Biggest losers included Bank of the Philippine Islands (PS: BPI ), which lost 2.75% or 3.00 points to trade at 106.00 in late trade. Alliance Global Group Inc (PS: AGI ) declined 2.67% or 0.360 points to end at 13.140 and Globe Telecom Inc (PS: GLO ) shed 2.23% or 35.00 points to 1535.00.

Advancing stocks outnumbered falling ones by 121 to 82 and 40 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for June delivery was down 0.31% or 4.20 to $1344.60 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.06% or 0.04 to hit $68.33 a barrel, while the June Brent oil contract unchanged 0.00% or 0.00 to trade at $73.78 a barrel.

CNY/PHP was down 0.24% to 8.2837, while USD/PHP fell 0.07% to 52.099.

The US Dollar Index Futures was up 0.13% at 89.76.

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