Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Holding Firms and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite gained 1.46%.
The biggest gainers of the session on the PSEi Composite were Ayala Land Inc (PS:ALI), which rose 3.91% or 1.400 points to trade at 37.200 at the close. Megaworld Corp (PS:MEG) added 3.08% or 0.130 points to end at 4.350 and LT Group Inc (PS:LTG) was up 2.86% or 0.400 points to 14.400 in late trade.
Biggest losers included Philex Mining Corp (PS:PX), which lost 4.17% or 0.300 points to trade at 6.900 in late trade. First Gen Corp (PS:FGEN) declined 2.30% or 0.50 points to end at 21.20 and Manila Electric Co (PS:MER) shed 1.25% or 4.000 points to 316.000.
Advancing stocks outnumbered falling ones by 107 to 84 and 39 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for June delivery was down 0.45% or 5.55 to $1223.65 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.34% or 0.65 to hit $49.27 a barrel, while the July Brent oil contract rose 1.38% or 0.67 to trade at $49.28 a barrel.
CNY/PHP was up 0.07% to 7.1303, while USD/PHP rose 0.16% to 46.795.
The US Dollar Index was up 0.03% at 95.62.