Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Banking & Financials, Holding Firms and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.89%.
The biggest gainers of the session on the PSEi Composite were GT Capital Holdings Inc (PS:GTCAP), which rose 4.09% or 49.000 points to trade at 1247.000 at the close. Aboitiz Equity Ventures Inc (PS:AEV) added 4.03% or 2.900 points to end at 74.900 and Energy Development Corp (PS:EDC) was up 2.97% or 0.150 points to 5.200 in late trade.
Biggest losers included International Container Terminal Services Inc (PS:ICT), which lost 1.76% or 1.300 points to trade at 72.700 in late trade. Metro Pacific Investments Corp (PS:MPI) declined 1.71% or 0.110 points to end at 6.340 and JG Summit Holdings Inc (PS:JGS) shed 1.50% or 1.050 points to 68.950.
Declining stocks outnumbered rising ones by 88 to 86 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 0.27% or 3.15 to $1173.25 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.59% or 0.30 to hit $50.63 a barrel, while the February Brent oil contract fell 0.56% or 0.30 to trade at $53.63 a barrel.
CNY/PHP was up 0.14% to 7.2171, while USD/PHP rose 0.14% to 49.670.
The US Dollar Index was down 0.01% at 100.50.