Philippines shares higher at close of trade; PSEi Composite up 1.01%

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Philippines shares higher at close of trade; PSEi Composite up 1.01% – Philippines equities were higher at the close on Tuesday, as gains in the Mining & Oil , Banking & Financials and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 1.01%.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS: JGS ), which rose 5.65% or 3.100 points to trade at 57.950 at the close. Manila Electric Co (PS: MER ) added 3.83% or 14.00 points to end at 380.00 and Globe Telecom Inc (PS: GLO ) was up 3.50% or 70.00 points to 2068.00 in late trade.

Biggest losers included Aboitiz Equity Ventures Inc (PS: AEV ), which lost 4.76% or 2.700 points to trade at 54.000 in late trade. San Miguel Corp (PS: SMC ) declined 3.32% or 5.70 points to end at 166.10 and Petron Corp (PS: PCOR ) shed 1.00% or 0.090 points to 8.910.

Advancing stocks outnumbered falling ones by 113 to 91 and 38 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.26% or 3.20 to $1219.20 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.15% or 0.10 to hit $68.97 a barrel, while the November Brent oil contract rose 0.46% or 0.35 to trade at $76.85 a barrel.

CNY/PHP was up 0.10% to 7.8341, while USD/PHP fell 0.02% to 53.316.

The US Dollar Index Futures was down 0.05% at 94.62.

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