Philippines shares higher at close of trade; PSEi Composite up 1.76%

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Philippines shares higher at close of trade; PSEi Composite up 1.76% – Philippines equities were higher at the close on Wednesday, as gains in the Industrials , Property and Holding Firms sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 1.76%.

The biggest gainers of the session on the PSEi Composite were DMCI Holdings Inc (PS: DMC ), which rose 5.65% or 0.620 points to trade at 11.600 at the close. Universal Robina Corp (PS: URC ) added 4.83% or 6.40 points to end at 139.00 and Jollibee Foods Corp (PS: JFC ) was up 4.76% or 13.00 points to 286.00 in late trade.

Biggest losers included Metropolitan Bank and Trust Co (PS: MBT ), which lost 1.56% or 1.15 points to trade at 72.45 in late trade. San Miguel Corp (PS: SMC ) declined 0.14% or 0.20 points to end at 147.30 and First Gen Corp (PS: FGEN ) shed 0.13% or 0.02 points to 15.50.

Advancing stocks outnumbered falling ones by 103 to 101 and 36 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.02% or 0.30 to $1200.30 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.67% or 0.44 to hit $66.28 a barrel, while the October Brent oil contract rose 0.94% or 0.68 to trade at $73.31 a barrel.

CNY/PHP was up 0.10% to 7.8065, while USD/PHP rose 0.20% to 53.480.

The US Dollar Index Futures was up 0.13% at 95.25.

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