Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Holding Firms, Property and Mining & Oil sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 1.39%.
The biggest gainers of the session on the PSEi Composite were SM Investments Corp (PS:SM), which rose 4.15% or 36.50 points to trade at 916.50 at the close. Bank of the Philippine Islands (PS:BPI) added 3.41% or 3.10 points to end at 94.10 and PLDT Inc (PS:TEL) was up 2.80% or 37.00 points to 1360.00 in late trade.
Biggest losers included BDO Unibank Inc (PS:BDO), which lost 1.15% or 1.50 points to trade at 129.50 in late trade. Aboitiz Power Corp (PS:AP) declined 1.11% or 0.40 points to end at 35.60 and Petron Corp (PS:PCOR) shed 0.46% or 0.040 points to 8.750.
Advancing stocks outnumbered falling ones by 102 to 89 and 40 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold Futures for August delivery was down 0.22% or 2.80 to $1252.60 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.86% or 0.64 to hit $73.47 a barrel, while the September Brent oil contract fell 2.00% or 1.58 to trade at $77.28 a barrel.
CNY/PHP was down 0.58% to 8.0291, while USD/PHP rose 0.17% to 53.565.
The US Dollar Index Futures was up 0.14% at 93.98.