Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Banking & Financials and Holding Firms sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 1.99%.
The biggest gainers of the session on the PSEi Composite were Universal Robina Corp (PS:URC), which rose 5.05% or 8.900 points to trade at 185.000 at the close. DMCI Holdings Inc (PS:DMC) added 4.55% or 0.600 points to end at 13.800 and JG Summit Holdings Inc (PS:JGS) was up 4.54% or 3.450 points to 79.450 in late trade.
Biggest losers included Globe Telecom Inc (PS:GLO), which lost 2.06% or 40.000 points to trade at 1900.000 in late trade. First Gen Corp (PS:FGEN) declined 1.28% or 0.30 points to end at 23.20 and International Container Terminal Services Inc (PS:ICT) shed 1.09% or 0.850 points to 77.150.
Advancing stocks outnumbered falling ones by 118 to 75 and 41 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for December delivery was up 0.11% or 1.45 to $1264.35 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.47% or 0.74 to hit $51.03 a barrel, while the December Brent oil contract rose 1.53% or 0.79 to trade at $52.47 a barrel.
CNY/PHP was down 0.27% to 7.1319, while USD/PHP fell 0.31% to 48.050.
The US Dollar Index was down 0.16% at 97.72.