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Philippines shares higher at close of trade; PSEi Composite up 0.17%

Published 03/03/2017, 07:35 pm
Philippines shares higher at close of trade; PSEi Composite up 0.17%
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Investing.com – Philippines equities were higher at the close on Friday, as gains in the Property, Services and Banking & Financials sectors propelled shares higher.

At the close in Philippines, the PSEi Composite rose 0.17%.

The biggest gainers of the session on the PSEi Composite were LT Group Inc (PS:LTG), which rose 2.14% or 0.320 points to trade at 15.280 at the close. Ayala Corp (PS:AC) added 2.12% or 17.000 points to end at 820.000 and Globe Telecom Inc (PS:GLO) was up 1.94% or 35.000 points to 1835.000 in late trade.

Biggest losers included Metro Pacific Investments Corp (PS:MPI), which lost 1.43% or 0.100 points to trade at 6.880 in late trade. International Container Terminal Services Inc (PS:ICT) declined 1.32% or 1.000 points to end at 75.000 and Alliance Global Group Inc (PS:AGI) shed 1.26% or 0.160 points to 12.500.

Declining stocks outnumbered rising ones by 91 to 81 and 61 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for April delivery was down 0.34% or 4.25 to $1228.65 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.51% or 0.27 to hit $52.88 a barrel, while the May Brent oil contract rose 0.64% or 0.35 to trade at $55.43 a barrel.

CNY/PHP was down 0.00% to 7.3012, while USD/PHP rose 0.09% to 50.355.

The US Dollar Index Futures was down 0.05% at 102.11.

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