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Philippines shares higher at close of trade; PSEi Composite up 1.94%

Published 03/01/2018, 07:35 pm
Philippines shares higher at close of trade; PSEi Composite up 1.94%
PSI
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PSPR
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SM
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Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Holding Firms, Property and Services sectors propelled shares higher.

At the close in Philippines, the PSEi Composite gained 1.94% to hit a new all time high.

The biggest gainers of the session on the PSEi Composite were JG Summit Holdings Inc (PS:JGS), which rose 6.10% or 4.400 points to trade at 76.500 at the close. SM Investments Corp (PS:SM) added 5.05% or 50.00 points to end at 1040.00 and SM Prime Holdings Inc (PS:SMPH) was up 3.33% or 1.250 points to 38.750 in late trade.

Biggest losers included Energy Development Corp (PS:EDC), which lost 2.44% or 0.140 points to trade at 5.600 in late trade. Semirara Mining Corp (PS:SCC) declined 1.90% or 0.70 points to end at 36.10 and BDO Unibank Inc (PS:BDO) shed 1.83% or 3.00 points to 161.00.

Advancing stocks outnumbered falling ones by 117 to 101 and 38 ended unchanged on the Philippines Stock Exchange.

In commodities trading, Gold Futures for February delivery was up 0.02% or 0.30 to $1316.40 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.13% or 0.08 to hit $60.45 a barrel, while the March Brent oil contract rose 0.06% or 0.04 to trade at $66.61 a barrel.

CNY/PHP was down 0.35% to 7.6627, while USD/PHP fell 0.19% to 49.825.

The US Dollar Index Futures was up 0.12% at 91.67.

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