Investing.com – Philippines equities were higher at the close on Monday, as gains in the Property, Services and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 1.12% to hit a new 6-month high.
The biggest gainers of the session on the PSEi Composite were Bloomberry Resorts Corp (PS:BLOOM), which rose 7.32% or 0.320 points to trade at 4.690 at the close. Ayala Land Inc (PS:ALI) added 3.84% or 1.400 points to end at 37.900 and Megaworld Corp (PS:MEG) was up 3.17% or 0.140 points to 4.550 in late trade.
Biggest losers included Alliance Global Group Inc (PS:AGI), which lost 1.66% or 0.260 points to trade at 15.420 in late trade. Manila Electric Co (PS:MER) declined 1.27% or 4.000 points to end at 312.000 and DMCI Holdings Inc (PS:DMC) shed 0.94% or 0.120 points to 12.640.
Advancing stocks outnumbered falling ones by 99 to 79 and 46 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.10% or 1.25 to $1244.15 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.17% or 0.57 to hit $49.19 a barrel, while the August Brent oil contract rose 1.13% or 0.56 to trade at $50.20 a barrel.
CNY/PHP was down 0.11% to 7.0418, while USD/PHP fell 0.06% to 46.235.
The US Dollar Index was up 0.16% at 94.05.