Philippines shares higher at close of trade; PSEi Composite up 0.97%

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Philippines shares higher at close of trade; PSEi Composite up 0.97% – Philippines equities were higher at the close on Monday, as gains in the Banking & Financials , Property and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.97%.

The biggest gainers of the session on the PSEi Composite were Energy Development Corp (PS: EDC ), which rose 4.58% or 0.260 points to trade at 5.940 at the close. Robinsons Land Corp (PS: RLC ) added 4.44% or 0.880 points to end at 20.700 and First Gen Corp (PS: FGEN ) was up 4.32% or 0.72 points to 17.40 in late trade.

Biggest losers included Metro Pacific Investments Corp (PS: MPI ), which lost 4.87% or 0.280 points to trade at 5.470 in late trade. Semirara Mining Corp (PS: SCC ) declined 1.64% or 0.55 points to end at 33.00 and Alliance Global Group Inc (PS: AGI ) shed 0.82% or 0.120 points to 14.460.

Declining stocks outnumbered rising ones by 108 to 107 and 43 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.23% or 3.10 to $1320.90 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.39% or 0.24 to hit $61.80 a barrel, while the May Brent oil contract fell 0.47% or 0.31 to trade at $65.18 a barrel.

CNY/PHP was up 0.18% to 8.2278, while USD/PHP rose 0.13% to 52.035.

The US Dollar Index Futures was down 0.16% at 89.97.

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