Philippines shares higher at close of trade; PSEi Composite up 0.92%

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Philippines shares higher at close of trade; PSEi Composite up 0.92% – Philippines equities were higher at the close on Thursday, as gains in the Mining & Oil , Property and Industrials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 0.92%.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS: JGS ), which rose 4.94% or 2.550 points to trade at 54.150 at the close. International Container Terminal Services Inc (PS: ICT ) added 3.83% or 3.450 points to end at 93.500 and Jollibee Foods Corp (PS: JFC ) was up 2.97% or 8.00 points to 277.00 in late trade.

Biggest losers included Megaworld Corp (PS: MEG ), which lost 2.77% or 0.120 points to trade at 4.210 in late trade. Ayala Corp (PS: AC ) declined 2.17% or 20.00 points to end at 900.00 and LT Group Inc (PS: LTG ) shed 2.17% or 0.360 points to 16.200.

Declining stocks outnumbered rising ones by 120 to 72 and 45 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.08% or 1.00 to $1211.90 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.39% or 0.98 to hit $69.39 a barrel, while the November Brent oil contract fell 0.87% or 0.69 to trade at $79.05 a barrel.

CNY/PHP was up 0.35% to 7.8989, while USD/PHP rose 0.48% to 54.103.

The US Dollar Index Futures was up 0.06% at 94.88.

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