Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Industrials and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.56%.
The biggest gainers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 6.00% or 0.300 points to trade at 5.300 at the close. Metro Pacific Investments Corp (PS:MPI) added 2.90% or 0.180 points to end at 6.380 and Manila Electric Co (PS:MER) was up 2.47% or 7.600 points to 315.000 in late trade.
Biggest losers included International Container Terminal Services Inc (PS:ICT), which lost 3.23% or 2.000 points to trade at 60.000 in late trade. Globe Telecom Inc (PS:GLO) declined 1.73% or 40.000 points to end at 2270.000 and Petron Corp (PS:PCOR) shed 1.61% or 0.180 points to 11.000.
Advancing stocks outnumbered falling ones by 99 to 91 and 43 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was down 0.26% or 3.40 to $1284.70 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.52% or 0.25 to hit $48.24 a barrel, while the August Brent oil contract fell 0.62% or 0.31 to trade at $49.52 a barrel.
CNY/PHP was up 0.33% to 7.0429, while USD/PHP rose 0.14% to 46.353.
The US Dollar Index was down 0.11% at 94.93.