Investing.com – Philippines equities were higher at the close on Monday, as gains in the Services, Mining & Oil and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 0.20% to hit a new 3-month high.
The biggest gainers of the session on the PSEi Composite were Philippine Long Distance Telephone Company (PS:TEL), which rose 11.56% or 197.00 points to trade at 1901.00 at the close. Globe Telecom Inc (PS:GLO) added 7.91% or 140.000 points to end at 1910.000 and DMCI Holdings Inc (PS:DMC) was up 1.55% or 0.200 points to 13.100 in late trade.
Biggest losers included First Gen Corp (PS:FGEN), which lost 3.20% or 0.70 points to trade at 21.20 in late trade. Energy Development Corp (PS:EDC) declined 2.68% or 0.170 points to end at 6.170 and Bloomberry Resorts Corp (PS:BLOOM) shed 1.98% or 0.100 points to 4.950.
Declining stocks outnumbered rising ones by 89 to 82 and 30 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for April delivery was down 0.26% or 3.30 to $1256.10 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.99% or 0.38 to hit $38.12 a barrel, while the May Brent oil contract fell 0.84% or 0.34 to trade at $40.05 a barrel.
CNY/PHP was up 0.13% to 7.1855, while USD/PHP rose 0.13% to 46.670.
The US Dollar Index was up 0.29% at 96.51.