Investing.com – Philippines equities were higher at the close on Wednesday, as gains in the Property, Services and Banking & Financials sectors propelled shares higher.
At the close in Philippines, the PSEi Composite added 2.47%.
The biggest gainers of the session on the PSEi Composite were PLDT Inc (PS:TEL), which rose 6.79% or 93.00 points to trade at 1463.00 at the close. Security Bank Corp (PS:SECB) added 5.93% or 11.30 points to end at 202.00 and Metro Pacific Investments Corp (PS:MPI) was up 5.69% or 0.370 points to 6.870 in late trade.
Biggest losers included International Container Terminal Services Inc (PS:ICT), which lost 0.21% or 0.150 points to trade at 71.550 in late trade. Universal Robina Corp (PS:URC) unchanged 0.00% or 0.000 points to end at 165.000 and SM Investments Corp (PS:SM) 0.00% or 0.000 points to 650.000.
Advancing stocks outnumbered falling ones by 143 to 43 and 42 ended unchanged on the Philippines Stock Exchange.
In commodities trading, Gold for February delivery was up 0.20% or 2.35 to $1164.35 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.86% or 0.45 to hit $52.78 a barrel, while the March Brent oil contract rose 0.94% or 0.52 to trade at $55.99 a barrel.
CNY/PHP was down 0.09% to 7.1454, while USD/PHP fell 0.24% to 49.661.
The US Dollar Index was down 0.15% at 103.08.