Philippines shares higher at close of trade; PSEi Composite up 0.87%

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Philippines shares higher at close of trade; PSEi Composite up 0.87% – Philippines equities were higher at the close on Tuesday, as gains in the Industrials , Property and Mining & Oil sectors propelled shares higher.

At the close in Philippines, the PSEi Composite added 0.87%.

The biggest gainers of the session on the PSEi Composite were Megaworld Corp (PS: MEG ), which rose 5.00% or 0.210 points to trade at 4.410 at the close. Universal Robina Corp (PS: URC ) added 3.93% or 5.20 points to end at 137.50 and Manila Electric Co (PS: MER ) was up 3.16% or 11.00 points to 359.00 in late trade.

Biggest losers included First Gen Corp (PS: FGEN ), which lost 3.43% or 0.54 points to trade at 15.22 in late trade. Puregold Price Club Inc (PS: PGOLD ) declined 2.38% or 1.000 points to end at 41.000 and San Miguel Corp (PS: SMC ) shed 1.63% or 2.70 points to 163.30.

Advancing stocks outnumbered falling ones by 100 to 83 and 50 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.20% or 2.40 to $1232.70 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.78% or 0.56 to hit $71.22 a barrel, while the December Brent oil contract fell 0.76% or 0.61 to trade at $80.17 a barrel.

CNY/PHP was down 0.17% to 7.7999, while USD/PHP fell 0.12% to 53.968.

The US Dollar Index Futures was down 0.06% at 94.71.

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