Investing.com – Philippines equities were higher at the close on Monday, as gains in the Banking & Financials, Holding Firms and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 0.59%.
The biggest gainers of the session on the PSEi Composite were SM Prime Holdings Inc (PS:SMPH), which rose 3.92% or 0.950 points to trade at 25.200 at the close. Bank of the Philippine Islands (PS:BPI) added 2.63% or 2.50 points to end at 97.50 and DMCI Holdings Inc (PS:DMC) was up 2.48% or 0.320 points to 13.200 in late trade.
Biggest losers included Petron Corp (PS:PCOR), which lost 4.66% or 0.540 points to trade at 11.060 in late trade. Bloomberry Resorts Corp (PS:BLOOM) declined 3.61% or 0.190 points to end at 5.070 and Energy Development Corp (PS:EDC) shed 3.45% or 0.190 points to 5.310.
Declining stocks outnumbered rising ones by 127 to 56 and 42 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was up 0.71% or 9.05 to $1284.95 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.02% or 0.50 to hit $48.57 a barrel, while the August Brent oil contract fell 0.77% or 0.39 to trade at $50.15 a barrel.
CNY/PHP was down 0.53% to 7.0009, while USD/PHP fell 0.19% to 46.095.
The US Dollar Index was down 0.04% at 94.59.