Investing.com – Philippines equities were higher at the close on Friday, as gains in the Banking & Financials, Services and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 0.32% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Globe Telecom Inc (PS:GLO), which rose 2.21% or 46.00 points to trade at 2126.00 at the close. JG Summit Holdings Inc (PS:JGS) added 1.85% or 1.450 points to end at 79.950 and International Container Terminal Services Inc (PS:ICT) was up 1.79% or 1.900 points to 107.900 in late trade.
Biggest losers included Aboitiz Power Corp (PS:AP), which lost 3.00% or 1.20 points to trade at 38.80 in late trade. LT Group Inc (PS:LTG) declined 2.06% or 0.380 points to end at 18.100 and First Gen Corp (PS:FGEN) shed 1.56% or 0.28 points to 17.62.
Advancing stocks outnumbered falling ones by 119 to 88 and 42 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was down 0.01% or 0.12 to $1259.88 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.02% or 0.01 to hit $49.03 a barrel, while the September Brent oil contract rose 0.45% or 0.23 to trade at $51.72 a barrel.
CNY/PHP was up 0.05% to 7.5001, while USD/PHP fell 0.01% to 50.550.
The US Dollar Index Futures was down 0.18% at 93.60.