Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Industrials, Services and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.34%.
The biggest gainers of the session on the PSEi Composite were Robinsons Land Corp (PS:RLC), which rose 2.30% or 0.650 points to trade at 28.900 at the close. First Gen Corp (PS:FGEN) added 2.29% or 0.50 points to end at 22.30 and Universal Robina Corp (PS:URC) was up 2.29% or 4.800 points to 214.200 in late trade.
Biggest losers included Ayala Corp (PS:AC), which lost 1.01% or 7.500 points to trade at 734.500 in late trade. Energy Development Corp (PS:EDC) declined 0.99% or 0.060 points to end at 5.990 and Metropolitan Bank and Trust Co (PS:MBT) shed 0.95% or 0.80 points to 83.70.
Advancing stocks outnumbered falling ones by 106 to 85 and 49 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was up 0.50% or 6.20 to $1243.70 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.93% or 0.74 to hit $39.02 a barrel, while the June Brent oil contract rose 1.56% or 0.62 to trade at $40.47 a barrel.
CNY/PHP was down 0.28% to 7.1024, while USD/PHP fell 0.76% to 46.000.
The US Dollar Index was down 0.35% at 94.84.