Investing.com – Philippines equities were higher at the close on Monday, as gains in the Services, Holding Firms and Industrials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.71%.
The biggest gainers of the session on the PSEi Composite were Philippine Long Distance Telephone Company (PS:TEL), which rose 9.13% or 159.00 points to trade at 1901.00 at the close. San Miguel Corp (PS:SMC) added 5.80% or 4.400 points to end at 80.300 and Globe Telecom Inc (PS:GLO) was up 5.58% or 122.000 points to 2310.000 in late trade.
Biggest losers included Philex Mining Corp (PS:PX), which lost 3.59% or 0.260 points to trade at 6.990 in late trade. SM Investments Corp (PS:SM) declined 1.66% or 16.000 points to end at 950.000 and Universal Robina Corp (PS:URC) shed 1.64% or 3.300 points to 198.500.
Declining stocks outnumbered rising ones by 102 to 83 and 45 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was down 0.82% or 9.95 to $1206.75 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.41% or 0.20 to hit $49.13 a barrel, while the August Brent oil contract fell 0.64% or 0.32 to trade at $49.63 a barrel.
CNY/PHP was down 0.05% to 7.1009, while USD/PHP rose 0.24% to 46.740.
The US Dollar Index was up 0.01% at 95.74.