Investing.com – Philippines equities were higher at the close on Tuesday, as gains in the Services, Holding Firms and Property sectors propelled shares higher.
At the close in Philippines, the PSEi Composite rose 1.33% to hit a new 52-week high.
The biggest gainers of the session on the PSEi Composite were Philippine Long Distance Telephone Company (PS:TEL), which rose 4.43% or 90.00 points to trade at 2120.00 at the close. GT Capital Holdings Inc (PS:GTCAP) added 3.81% or 55.000 points to end at 1500.000 and Metro Pacific Investments Corp (PS:MPI) was up 3.60% or 0.240 points to 6.910 in late trade.
Biggest losers included Philex Mining Corp (PS:PX), which lost 12.17% or 1.110 points to trade at 8.010 in late trade. Jollibee Foods Corp (PS:JFC) declined 3.36% or 8.000 points to end at 230.000 and Petron Corp (PS:PCOR) shed 0.69% or 0.080 points to 11.520.
Advancing stocks outnumbered falling ones by 94 to 88 and 48 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for August delivery was down 0.52% or 6.70 to $1285.40 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.90% or 0.45 to hit $49.51 a barrel, while the August Brent oil contract fell 1.13% or 0.57 to trade at $50.08 a barrel.
CNY/PHP was up 0.00% to 7.0406, while USD/PHP rose 0.01% to 46.310.
The US Dollar Index was down 0.11% at 93.58.