Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Services, Holding Firms and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.47%.
The biggest gainers of the session on the PSEi Composite were Metro Pacific Investments Corp (PS:MPI), which rose 3.39% or 0.200 points to trade at 6.100 at the close. Megaworld Corp (PS:MEG) added 2.77% or 0.110 points to end at 4.080 and BDO Unibank Inc (PS:BDO) was up 1.94% or 2.00 points to 105.00 in late trade.
Biggest losers included Metropolitan Bank and Trust Co (PS:MBT), which lost 1.28% or 1.10 points to trade at 84.85 in late trade. DMCI Holdings Inc (PS:DMC) declined 0.78% or 0.100 points to end at 12.720 and Philex Mining Corp (PS:PX) shed 0.72% or 0.040 points to 5.480.
Declining stocks outnumbered rising ones by 95 to 92 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was down 0.98% or 12.30 to $1248.60 a troy ounce. Meanwhile, Crude oil for delivery in May fell 1.66% or 0.70 to hit $41.47 a barrel, while the June Brent oil contract fell 1.19% or 0.53 to trade at $44.16 a barrel.
CNY/PHP was up 0.18% to 7.1272, while USD/PHP rose 0.16% to 46.075.
The US Dollar Index was up 0.38% at 94.38.