Philippines shares higher at close of trade; PSEi Composite up 0.82%

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Philippines shares higher at close of trade; PSEi Composite up 0.82% – Philippines equities were higher at the close on Thursday, as gains in the Holding Firms , Industrials and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.82%.

The biggest gainers of the session on the PSEi Composite were Alliance Global Group Inc (PS: AGI ), which rose 7.64% or 1.200 points to trade at 16.900 at the close. Manila Electric Co (PS: MER ) added 3.40% or 9.20 points to end at 279.80 and JG Summit Holdings Inc (PS: JGS ) was up 2.83% or 2.150 points to 78.100 in late trade.

Biggest losers included Globe Telecom Inc (PS: GLO ), which lost 1.26% or 26.00 points to trade at 2044.00 in late trade. Emperador Inc (PS: EMP ) declined 0.96% or 0.070 points to end at 7.230 and Energy Development Corp (PS: EDC ) shed 0.82% or 0.060 points to 7.240.

Advancing stocks outnumbered falling ones by 107 to 94 and 55 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 1.29% or 17.03 to $1299.37 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.47% or 0.24 to hit $50.45 a barrel, while the November Brent oil contract fell 0.30% or 0.17 to trade at $56.12 a barrel.

CNY/PHP was down 0.10% to 7.7433, while USD/PHP rose 0.24% to 51.060.

The US Dollar Index Futures was down 0.01% at 92.21.

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