Investing.com – Philippines equities were higher at the close on Thursday, as gains in the Banking & Financials, Property and Services sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 1.23%.
The biggest gainers of the session on the PSEi Composite were Petron Corp (PS:PCOR), which rose 5.91% or 0.550 points to trade at 9.850 at the close. Metro Pacific Investments Corp (PS:MPI) added 3.55% or 0.220 points to end at 6.420 and SM Prime Holdings Inc (PS:SMPH) was up 3.40% or 0.900 points to 27.400 in late trade.
Biggest losers included Globe Telecom Inc (PS:GLO), which lost 3.90% or 57.000 points to trade at 1403.000 in late trade. Manila Electric Co (PS:MER) declined 3.02% or 8.000 points to end at 257.000 and Jollibee Foods Corp (PS:JFC) shed 1.76% or 3.800 points to 212.000.
Advancing stocks outnumbered falling ones by 120 to 63 and 38 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was down 0.15% or 1.75 to $1172.15 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.16% or 0.08 to hit $49.52 a barrel, while the February Brent oil contract rose 0.25% or 0.13 to trade at $51.97 a barrel.
CNY/PHP was up 0.02% to 7.2111, while USD/PHP rose 0.01% to 49.721.
The US Dollar Index was down 0.17% at 101.46.